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.

Steel Tariffs Reported On Way Out

To avert a trade war with the EU and Japan, the U.S. is likely to remove duties on steel imports
David Roeder
December 2, 2003

US Backs Down Over Free Trade in Americas

Brazil's objections may force a weaker deal
Guy de Jonquières
November 17, 2003

Asean-China FTA must get priority, says Singapore Prime Minister

Nothing should hinder larger interests of the region and China
Loh Hui Yin
November 21, 2003

Aid Is Good, Business Is Better

Government must allow business to do what it can do best
Ellen Johnson-Sirleaf, Nicky Oppenheimer
September 1, 2008

Is Mexico the New China?

Gyrating fuel prices and labor cost slow outsourcing to Asia
Rafael Rivero, Sara Miller Llana
September 17, 2008