friendshoring en · NOUN
Etymology
Blend of friend + offshoring.
Meanings
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(uncountable) The process of moving production to diplomatically friendly or allied foreign locations which have lower production costs.
Christine Lagarde, president of the European Central Bank (ECB), noted that the governments of Western countries are increasingly adopting industrial policies that promote “friendshoring” of strategic industries.
2023 August 30, “What is “friendshoring”?”, in The Economist, →ISSN:
Coordinates
Hypernyms
Relateds
derisking · decoupling · friendly shore · offshore
Translations (2)
ru френдшо́ринг (Translations) · es deslocalización amical (Translations)