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

From: Jeffrey E. Garten, New Haven
YaleGlobal
, 28 April 2016
The next US president can rescue global trade and resuscitate the US workforce
Farok J. Contractor
YaleGlobal
, 12 April 2016
Nations struggle and compete with separate tax codes while multinationals treat the world as a single economic space
Dilip Hiro
YaleGlobal
, 7 April 2016
Slowed growth in China led to its increased steel exports, Tata Steel’s plans to end operations in Britain
Humphrey Hawksley
YaleGlobal
, 5 April 2016
The EU – divided over debt, entitlements and refugees – confronts authoritarian politics at home and from afar
David Dapice
YaleGlobal
, 24 March 2016
World leaders blame open borders for economic woes, trying protectionist controls rather than reducing inequality
David J.X. Gonzalez
YaleGlobal
, 18 February 2016
Targeting small illegal mines in Peru is counterproductive, and the entire supply chain should strive for ethical standards
> MORE YALEGLOBAL ARTICLES

In the News

Peter Pham
Forbes
, 2 May 2016
More than two thirds of the world's steel is manufactured in Asia
Chris Giles
Financial Times
, 27 April 2016
GDP per capita in the United Kingdom doubled with EU membership
Daniel Williams
TheWorldPost
, 25 April 2016
Both the US and EU are polarized over issues like trade and immigration
Stephanie Saul
The New York Times
, 20 April 2016
Struggling public US colleges pay commissions to international recruiting agencies
Nayan Chanda
Businessworld
, 19 April 2016
China is highly strategic in industrializing by acquiring foreign firms
Rajrishi Singhal
Gateway House
, 8 April 2016
Bad timing, just before the global financial crisis, complicated Tata’s expansion and borrowing
> MORE IN THE NEWS

More On Trade

COLUMN
Cubans embrace trade after enduring decades of a closed economy
BOOK EXCERPT
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