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.

Farmers to Gain in Trade Blow to US

US to lose trade war with Brazil on cotton subsidies
Josh Gordon
April 28, 2004

US Recovery, Asian Surge Will Boost World Trade 7.5%: WTO

It warns, however, of three significant downside risks
Ravi Kanth
April 6, 2004

Chinese Fuelling Local Growth

Asian giant's huge appetite for goods and materials is taxing cargo capacity and pushing up freight rates
Satawasin Staporncharnchai
April 5, 2004

World Trade Growth Picks Up Speed

Surprising numbers of 2003 raises WTO hopes
April 5, 2004

A New Consensus on Free Trade

Five steps toward a creative globalization agenda
Gene Sperling
March 1, 2004