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.

Pew Survey Finds America’s Global Stature Diminished

The lone superpower is finding that power doesn't equal popularity.
December 4, 2002

Belarus Cuts Off Russian Oil to Europe

As disagreements emerge over pricing and taxes, Europe confronts an unreliable oil supply
Fred Weir
January 9, 2007

Mongolia Is Roiled by Miner's Huge Plans

Nation of nomadic herders scrutinizes foreign investors’ plans for huge mines
Patrick Barta
January 4, 2007

Taming the Dragon

Perhaps the US is too patient with China
Gordon G. Chang
December 15, 2006

US and China Differ on Aim of Economic Talks

For trade talks with the US, China sits in the catbird seat
Steven R. Weisman
December 18, 2006