Deregulation

"Complete or partial suppression of regulations governing a given sector, in the hope of improving economic performance."
(OECD, Deregulation, Good Governance for Development in Arab Countries Initiative: Glossary of Terms for Regulatory Reform, visited 2011-02-15)

Deregulation policies have been popular since the 1970s and are closely linked with the neoliberalist approach to trade and labour relations.