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| European Central Bank | The European Central Bank is responsible for the monetary policy of all EU member nations. It was set up in 1998 under the Treaty on European Union and it is based in Frankfurt, Germany. (See page(s) 260) |
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| maquilladoras | NAFTA-related Mexican work zones of cheap labour that are commonly found along the Texas–Mexican borders. (See page(s) 270) |
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| regional economic integration | Agreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other. (See page(s) 260) |
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| trade creation | Trade created due to regional economic integration; occurs when high-cost domestic producers are replaced by low-cost foreign producers in a free trade area. (See page(s) 268) |
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| trade diversion | Trade diverted due to regional economic integration; occurs when low-cost foreign suppliers outside a free trade area are replaced by higher-cost foreign suppliers in a free trade area. (See page(s) 268) |