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.

“Fair Trade” Lifts the Wrong Boats

Protectionism is a dangerous double-edged sword that only toughens the competition
Rick Newman
December 12, 2006

‘Blood Diamonds’ Polished Off

New restrictions on diamond industry aim to curb illicit trade
November 5, 2002

Russian Oil ‘Can Ease Reliance on Mideast’

U.S. efforts to tap into Russian oil supply fueled by debates on war with Iraq
Nancy Dunne
September 13, 2002

Lawsuit Called Opening Salvo in Chinese Media War

Chinese businesses, seeking to protect profits, find new reasons to protect intellectual property rights
Howard French
January 3, 2007

And Now for a Word About Globalization

The US election results might put a brake on the pace of trade agreements and globalization
Jon Talton
November 9, 2006