Definition of marketization in English:

marketization

(also marketisation)

noun

  • 1[mass noun] The exposure of an industry or service to market forces.

    ‘it seems disposed to hold back the BBC from the marketization of broadcasting’
    • ‘The result is the commercialisation and marketisation of early childhood services as entrepreneurs stepped in to fill the gap.’
    • ‘They are both a product of the marketisation of education.’
    • ‘Many journalists have benefited from the marketization of the media.’
    • ‘Indeed, marketization can exacerbate the problem if it encourages insurers to fragment the risk pool and maximize profits by discriminating against people likely to get sick.’
    • ‘The marketization of university research is now becoming institutionalized.’
    • ‘My rural doctor daughter never had it easy, but not with the marketisation of the health industry she is struggling for survival as rural hospital services decline.’
    • ‘Voters seem strangely resistant to a campaign based on the Iraq war, the marketisation of public services and new authoritarian powers for the state.’
    • ‘Despite the destructive nature of the current trend toward standardization and marketization, progressive teachers and teacher educators continue to struggle to teach in socially responsible ways.’
    • ‘But much work remains to be done in fighting stigma and prejudice, training medical health professionals and undoing the damage that excessive marketisation has wrought on the Chinese medical system.’
    • ‘By ‘change’ they mean pushing though further attacks on welfare benefits, privatisation and marketisation in health and education, along with ever greater pressure for people to work harder and longer.’
    • ‘We have the standing and a special obligation to ‘just say no’ to further marketization of academia, if anyone can.’
    • ‘Two other chapters examine one Bulgarian ex-state enterprise's resistance to marketisation, and contestations over the Czech Republic's restructuring of coal mines.’
    • ‘The current ongoing process, of marketisation, assessment and so on, in Britain's higher education institutions is then one of enclosure and primitive accumulation.’
    1. 1.1The conversion of a national economy from a planned to a market economy.
      ‘the marketization of the Russian economy’
      • ‘Privatization and marketization, as we have seen, were key elements; so too was deregulation of the labour market.’
      • ‘Yet gradually the economic culture was changing, and marketization was spreading through its own inertia of motion.’
      • ‘These families were suffering the pressure caused by the marketization of the economy and the urbanization process.’
      • ‘For intensive growth to occur, elites could no longer engage in taxing the marginal product at high rates, thus shifting from a regime of rent seekers to a regime that accrues income from the increasing marketization of society.’
      • ‘In the post-socialist world of marketization and privatization, women tend to be employed in the public sector where jobs come with social benefits, men in the new economy of the private sector which is far more lucrative.’
      • ‘These complex conditions cannot be reduced to some unidirectional process of deregulation / marketization, nor should it be portrayed as a benign process of zero-sum regulatory redistribution across scales.’
      • ‘The global transformation from state-driven planning to marketization that began in the 1980s took hold in Asia in the 1990s.’
      • ‘It has been stated that the current international trends towards marketisation have far-reaching gender implications, which present both opportunity and crisis for women worldwide.’
      • ‘With the collapse of the Soviet Union and its client states and the marketization of the Chinese economy, there seem to be no real totalitarian states left in the world as the twenty-first century opens.’
      • ‘This highlights the continuing totalitarian assumptions of the state, despite liberalizations flowing from the marketization of the economy.’
      • ‘But marketization and globalization were not neutral, and as China grew closer to the West economically, it found itself under growing pressure to abide by international political norms.’
      • ‘Change in China since reforms began in the late 1970s has been consistent with more marketization and fewer government directives.’
      • ‘The rapid movement toward globalization and marketization has and will continue to aggravate problems of poverty and inequality in the short to medium term.’
      • ‘But where I don't see a connection with neo-conservatism is on the issue of marketization.’
      • ‘As part of the deregulation and marketisation of the British state, privatisation has been part of a process of internationalising the economy.’
      • ‘In short, the Soviet legacy worked as a hindrance to full marketization, and as a safeguard against utter catastrophe.’
      • ‘In an age of globalisation and marketisation, the life values sustained through the community life and love are constantly diffusing and substituted with competition.’
      • ‘This remains valid both as a historical remark, in relation to the historical development of proletarianisation and marketisation, and more importantly as an analytical remark.’
      • ‘If there had been this kind of wild and unrestrained marketization in post-war Germany or Japan, the legacy of fascism would never have been flushed out.’
      • ‘In this way, the social democratic state is ‘brought back in’ after an initial period of marketisation.’

Pronunciation:

marketization

/mɑːkɪtʌɪˈzeɪʃ(ə)n/