Example of Deregulation in the Philippines

Explanation:

In 1996, the Philippines had liberalized the domestic oil industry. Restrictions on importation/exportation of petroleum products were removed. An automatic pricing mechanism for petroleum products was also adopted.

Economic liberalization refers to the reduction or elimination of government regulations or restrictions on private business and trade. ... For example, the European Union has liberalized gas and electricity markets, instituting a competitive system/

Explanation:

the monroe doctrine is the best known u.s. policy toward the western hemisphere. buried in a routine annual message delivered to congress by president james monroe in december 1823, the doctrine warns european nations that the united states would not tolerate further colonization or puppet monarchs.

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