What Are the Key Elements That Need to Be Considered

question 15

Essay

What are the key elements that need to be considered in developing an optimal sequence of financial sector liberalization? Will the order differ across countries? Why or why not?

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Definitions:

Deviant Subcultures

Groups that develop norms and values that significantly deviate from the mainstream society's expectations.

Acceptance

The action or process of being received as adequate or suitable, typically to be included in a group or to recognize the reality of a situation without attempting to change it.

Stigmatized

Describes individuals, groups, or conditions that are negatively stereotyped, leading to prejudice and discrimination against them.

Deterrence Hypothesis

The theory suggesting that the threat of punishment or negative consequences serves to prevent or reduce the likelihood of unwanted behaviors.