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.

US and China: Grappling Over Economic Rescue – Part II

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By linking job loss to trade, politicians have always courted economic ruin
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The two nations must coordinate fiscal and monetary policy to control the crisis they helped create
Michael Pettis
January 6, 2009

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Success of Chinese Reform Is Key to BRICS’ Rise

China seeks alternative global system to IMF and World Bank
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A Field Day for Fracking

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Recommended Reading: The US-China Strategic and Economic Dialogue

China has started rebalancing its economy while the United States balks
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Positively Un-American Tax Dodges

Multinationals want nations to slash corporate tax rates – or expect relocation
Allan Sloan
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