offshorization

English

Etymology

offshore +‎ -ization

Noun

offshorization (uncountable)

1. (neologism) The act of moving capital to offshore accounts, or relocating business to a foreign country with a more lenient tax regime.
   • 2005, Alain Ize, Financial De-Dollarization: Is It for Real?, page 12:

     On the domestic front, the existence of efficiency asymmetries—specifically, the existence of more efficient offshore intermediaries that only intermediate in dollars—induces dollarization through “offshorization” and by forcing domestic intermediaries to raise their peso margins so as to compensate for compressed dollar margins.

Derived terms

• deoffshorization