Scenarios about 'liberalization'
Liberalization refers to the process of removing or reducing restrictions, particularly in economic, political, and social spheres, often involving deregulation, privatization, and opening markets to competition. Historically, it has been associated with movements away from centralized control toward more open systems, such as post-Soviet economic reforms or democratic transitions in authoritarian states. In alternate history scenarios, liberalization often serves as a critical divergence point, where accelerated, delayed, or failed liberalization efforts dramatically reshape nations' development trajectories.
What If India's Economic Liberalization Never Happened?
Exploring the alternate timeline where India did not implement its landmark 1991 economic reforms, potentially remaining an isolated, state-controlled economy well into the 21st century.