A readily measurable aspect of globalization is the increasing exchange of capital, products and services across national boundaries, spurred by expanded use of container shipping and other technological improvements as well as falling barrier. The interdependence is most apparent with global supply chains, as manufactured goods like vehicles and electronics are assembled with components produced around the world, and it’s increasingly rare for any country to be the sole source of any one complex product. Countries aim to increase exports but worry about too many imports and trade imbalances, even as their consumers pursue low prices. Disagreements on subsidies, tariffs, quotas or unfair practices are debated by the World Trade Organization.

That Sinking Feeling: Global Crisis Hits Shipping Industry Hard

Credit crunch and an abrupt reversal of fortunes keep many ships in port
Thomas Schulz
December 10, 2008

Going Off to College for Less (Passport Required)

As a global product, higher education inspires some bargain-hunting
Tamar Lewin
December 11, 2008

As China's Losses Mount, Confidence Turns to Fear

Governments spend money to prevent economic crisis transforming into a political one
Ariana Eunjung Cha
November 5, 2008

Save Doha to Save the G20 Summit

Global leaders must resist protectionism with decisive action
Ernesto Zedillo
November 12, 2008

How 6 Parts Nearly Delayed World's Biggest Airliner

Every small part counts in a technological masterpiece
Chana Joffe-Walt
November 6, 2008