Trade Barriers: These are policies or measures implemented by a country to limit the flow of foreign goods into their domestic market, aimed at protecting local industries from economic disruptions.
Protectionism: This refers to the practice of shielding domestic industries from foreign competition by imposing tariffs, quotas, or other trade barriers.
Import Substitution: It is an economic strategy that encourages the production of goods domestically instead of relying on imports, reducing vulnerability to economic disruptions caused by sudden influxes of foreign goods.