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.

Winners and Losers at End of the Trade Talks

At the trade talks in Miami, some gained more than others
Andres Oppenheimer
November 23, 2003

U.S. Defends Its Farm Subsidies Against Rising Foreign Criticism

International trade barriers, not farm subsidies, cause underdevelopment in poor countries.
Elizabeth Becker
June 27, 2002

China Wary as US Puts Lid on Textile Imports

But safeguards may prove only a temporary solution
Edward Alden
November 20, 2003

Bilateral Pacts Also Goal for US

The United States announces a flurry of new planned negotiations with individual Latin countries, parallel to pursuing an Americas free-trade area
Jane Bussey
November 19, 2003

Chinese Steelmakers Shiver, Indian Miners Catch Flu

No industry is immune from sluggish consumer spending
Sumant Banerji
October 30, 2008