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.

After 7 Years, Talks on Trade Collapse

Skepticism over international trade could usher in an era of dangerous protectionism
Stephen Castle
July 30, 2008

Fuel Subsidies for Some Make Oil More Expensive for All

Artificial caps on fuel prices encourage waste
Keith Bradsher
July 28, 2008

Russia Takes Control of Turkmen (World?) Gas

Russia willingly pays high prices to control more gas fields and could put an end to an era of cheap energy
M.K. Bhadrakumar
August 6, 2008

Wave Goodbye to the Invisible Hand

Governments that fail to promote fairness, economic security or environmental sustainability eventually confront angry citizens
Steven Pearlstein
August 4, 2008

Shipping Costs Start to Crimp Globalization

Manufacturing jobs slowly return to developed nations as a result of rising fuel costs
Larry Rohter
August 4, 2008