4 Rather than producing goods in a single process in a single location, firms are increasingly breaking the production process into discrete steps and performing each step in whatever location allows them to minimize costs.
2  BIS central bankers’ speeches  What we are seeing is that different banks use different interpretations for similar loans. Apparently, there’s already room for a certain degree of subjectivity. I’m not too worried about this subjectivity. Preparing financial statements has always carried some measure of subjectivity and this will remain so.