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.

Out of India, A “Third Wave of Globalization” Emerges

With global takeover deals, Tata and other Indian firms might quickly become household names worldwide
Anand Giridharadas
October 19, 2006

Globalization Wilts Flowering Industry

New competition from Asia and Africa in the flower industry stunts wages and unionization in Latin America
Joshua Goodman
October 23, 2006

China Returns to Africa

After six centuries of isolation, a China hungry for raw materials renews its historic friendship with Africa
Paul Kennedy
October 16, 2006

OPEC President Scrambles for Output-Cut Consensus

OPEC wants to cut oil production, but individual members want to roll out the barrel
Bhushan Bahree
October 16, 2006

US Cuts in Africa Aid Said to Hurt War on Terror

The US cuts military aid for any countries that refuse to sign an ICC exemption for US soldiers
Mark Mazzetti
July 27, 2006