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.

Obstacles to Zero Tariffs

The US proposed zero tariffs in the Doha round of world trade talks; most developing countries fear that they will gain much less than their industrialized trading partners.
November 29, 2002

The New Cyprus Controversy: Oil

Oil may give the divided island reason to reunify or reason to argue
George Gilson
February 15, 2007

US Exporters Feel Favorable Trade Winds

Economic globalization helps many industries expand
Peter S. Goodman
February 5, 2007

Once a Dream Fuel, Palm Oil May Be an Eco-Nightmare

Unanticipated consequences spur search for sustainable alternatives
Elisabeth Rosenthal
February 5, 2007

Opening Up the Transatlantic Market

German chancellor proposes ambitious free-trade agreement for the EU and the US
Daniel S. Hamilton
January 15, 2007