Economics · Global Supply Chains
In the context of global supply chains and trade, what does the term 'friend-shoring' refer to?
- 1A policy aimed purely at complete domestic self-reliance and stopping foreign trade
- 2Banning all imports from non-neighboring countries
- 3Offshoring manufacturing solely to countries with the lowest labor costs
- 4Restructuring supply chains to focus trade and production within geopolitically aligned nations✓
Correct answer
Restructuring supply chains to focus trade and production within geopolitically aligned nations
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