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.

Globalization Hurts USA

US trade policy should help, not harm American workers
John Sweeney
October 2, 2003

US Loses WTO Steel Appeal

Failure to remove steel tariffs could spark a trade war as elections draw near
David Roeder
November 11, 2003

APEC Acts with Speed on Trade

Asia-Pacific leaders hope to re-start talks with EU on agricultural subsidies
Achara Pongvutitham
October 22, 2003

Trade Talks' Failure Weighs on Other Issues

World’s leading economies demonstrate that they cannot act together to tackle global problems
Bob Davis
July 31, 2008

Mysteries of Trade Diplomacy

After the failure at Cancún, the world should wait to re-launch the Doha Round
Ernesto Zedillo
November 3, 2003