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.

Amid Competition, India Cools To Expansion by Chinese Firms

India rejects trading licenses for some Chinese firms, citing “national security” concerns
Peter Wonacott
June 27, 2006

Arcelor Deal With Mittal Creates New Steel Giant

Mittal Steel succeeds in takeover of European firm, but pays a high price
Heather Timmons
June 28, 2006

Chinese Take a Turn at Turning a Sub-Saharan Profit

China offers Africans an alternative way of doing business
Lydia Polgreen
September 1, 2006

Chinese Premier Boosts Trade with Seven-Nation Africa Tour

China carefully cultivates economic and diplomatic ties with Africa
Rory Carroll
June 29, 2006

India Becoming a Crucial Cog in the Machine at IBM

For every large project, IBM relies on India
Saritha Rai
July 3, 2006