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.

China Builds Commerce Codes

A guarantee of legal redress provides security for anyone doing business
Andrew Batson
March 3, 2007

Activity at Korean Enclave Grinds to a Halt

North Korea wants to follow China’s lead, turning a border city into a center for business that mirrors a Chinese town across the river, but obstacles have slowed progress on the project.
December 6, 2002

Bush Scales Back Steel Tariffs

President Bush responds to an angry European Union, decreasing steel tariffs and reneging on promises to U.S. steelworkers.
Edmund L. Andrews
August 23, 2002

Nod for China-Taiwan Oil Search

China and Taiwan demonstrate cooperation on a search for oil in the Tainan Basin.
January 30, 2003

A Global Mission for China and America

Status as world power requires many responsibilities
Robert Zoellick
February 1, 2007