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barriers
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something that prevents something else from happening or makes it more difficult:
open borders
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a situation in which goods and people can enter and leave a country easily
free port
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a situation in which goods and people can enter and leave a country easily
developing industries
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Creating large scale machine and electronics technology based production in an economy.
dumping
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the practice of selling products very cheaply in another country, in order to stop companies in that country from being able to compete.
tariffs
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a charge or list of charges either for services or on goods entering a country
strategic industries
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an industry that a government considers to be very important for the country' s economy or safety:
restrictions
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an official limit on something:
quotas
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a government-imposed trade restrictions that limits the number or monetary value of goods that a country can import or export during a particular period.
laissez-faire
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abstention by governments from interfering in the workings of the free market.
liberalise
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to make laws, systems, or opinions less severe
customs
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taxes that are paid on goods that are brought into a country:
deregulation
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reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.
subsidise
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to give money to a person or an organization in order to pay part of the cost of something that they do or make
regulations
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an official rules or the acts of controlling something:
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