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.

China Hosts Summit to Rival US

Leaders represent nearly half of the world’s population – and a shifting power balance
Jonathan Watts
June 15, 2006

Managing Globalization: Selling Globally, Pitching Locally

World Cup advertising reflects multinationals’ strategy of customized ads that appeal to local interests
Daniel Altman
June 16, 2006

Biotech Food Tears Rifts in Europe

Europeans distrust genetically modified foods – and any politicians who push the products
Elisabeth Rosenthal
June 6, 2006

Africa Cannot Catch Up Until the West Keeps to Its Deal

To achieve industrial economy, Africa needs fair global trade rules and opportunity for its emerging leaders
Larry Elliott
June 1, 2006

Africa Held Back From Manufacturing Success

Foreign competition complicates continent’s technological leap to manufacturing
Larry Elliott
June 5, 2006