Black swan and NAFTA: Difference between pages

Revision as of 09:32, 4 August 2016

International trade.

1.

The North American Free Trade Agreement between Canada, the United States and Mexico.

2.

The region covered by the Agreement.

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-''Risk management.''
+''International trade.''
-An apparently unusual event of very high impact, particularly one which - before it happened - was believed in error to be highly improbable or even impossible.
-The use of the term in finance derives from the widespread historical (and erroneous) belief in the Northern hemisphere that black swans did not exist, in the period before the common occurrence of black swans in the Southern hemisphere had been reported in the North.
+.
-The concept was popularised in a 2007 book by Nassim Nicholas Taleb - "The Black Swan" - where he summarises the problem in risk management as "the confusion of absence of evidence of Black Swans (or something else) for evidence of absence of Black Swans (or something else)".
+The North American Free Trade Agreement between Canada, the United States and Mexico.
-In other words
+.
+The region covered by the Agreement.
+==See also==
+*[[European Free Trade Association]]
+*[[Free trade agreement]]
+*[[International trade]]
+*[[North American Free Trade Agreement]]