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.

Indian Objections Sink WTO Deal

With more regional deals anticipated, WTO officials worry about irrelevance
Shawn Donnan and Amy Kazmin
August 1, 2014

Success of Chinese Reform Is Key to BRICS’ Rise

China seeks alternative global system to IMF and World Bank
Pankaj Mishra
July 25, 2014

A Field Day for Fracking

US and EU free trade agreement may provide unrestricted energy trade
Wenonah Hauter
July 16, 2014

US-China Strategic and Economic Dialogue

China has started rebalancing its economy while the United States balks
July 14, 2014