When a nation becomes liberalized, the economic effects can be profound for the country and for investors. Economic liberalization refers to a country "opening up" to the rest of the world with regards to trade, regulations, taxation and other areas that generally affect business in the country. As a general rule, you can determine to what degree a country is liberalized economically by how easy it is to invest and do business in the country. Alldeveloped countries(First World) have already gone through this liberalization process, so the focus in this article is more on the developing andemerging countries.
