Trade

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.

Recently in YaleGlobal

J. Peter Pham
YaleGlobal
, 14 August 2014
The US is among many nations courting a confident Africa on aid, trade and natural resources
Evelyn Goh
YaleGlobal
, 17 July 2014
Australia may be ignoring long-term strategy by supporting Japan against top trade partner – China
Gregory Chin
YaleGlobal
, 9 July 2014
China modifies its south-south narrative for Africa and recognizes the continent as competitor
Amitav Acharya
YaleGlobal
, 3 July 2014
New World order emerges, one that requires cooperation and ability to build regional ties
Alyssa Ayres
YaleGlobal
, 10 June 2014
Pragmatic politics and economics lead India’s Modi to nurture strong ties close to home
Jean-Pierre Lehmann
YaleGlobal
, 27 May 2014
China’s plans for the 21st century have big implications for wider global order
> MORE YALEGLOBAL ARTICLES

In the News

Environment News Service
, 18 August 2014
Countries can conserve raw materials, but restrictions must apply to domestic markets, too
Nayan Chanda
Businessworld
, 11 August 2014
Indian farmers cling to wasteful subsidies
The Economist
, 8 August 2014
Interview offers insights on US ties with emerging economies, Russia and China
Nayan Chanda
The Times of India
, 4 August 2014
Russia and the West expect other nations to choose sides
Shawn Donnan and Amy Kazmin
Financial Times
, 1 August 2014
With more regional deals anticipated, WTO officials worry about irrelevance
Reuters
, 28 July 2014
Ingredients crisscross many borders
> MORE IN THE NEWS

More On Trade

COLUMN
India’s universal ID card could lead to social and economic innovations
BOOK REVIEW
Over the centuries, new diseases emerged and followed the trails of commerce, triggering panic and a rash of policymaking.
BOOK EXCERPT
The book explains the benefits of free trade and globalization for middle-class, Main Street Americans.
ACADEMIC PAPER
Nations should end the Doha Round, yet pursue new routes of cooperation on hyperglobalization and big regional trade agreements – or the benefits of open markets could go into reverse