Examlex
Uncertainty about the exact lives of assets prevents precise maturity matching in an ex post (i.e., after the fact) sense even though it is possible to maturity match on an expected basis.
Offshoring
The relocation of a business process or operation from one country to another, typically to leverage lower labor costs.
Specialization
The process by which individuals, businesses, or countries focus on producing a limited range of goods or services to gain greater efficiency and productivity.
Trade Barriers
Measures such as tariffs, quotas, and regulations implemented by governments to control international trade and protect domestic industries.
NAFTA
The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminated most tariffs and trade barriers between the countries.
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