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.

Free Trade and Outsourcing Are Not the Same

Economic theorists and politicians ignore reality
Clyde Prestowitz
April 25, 2004

German Firms Applaud Libya Deal

Chancellor Gerhard Schröder plans to meet Qaddafi after agreement on Berlin attack
Aaron Kirchfeld
August 13, 2004

US Shrimpers Still Carping

American shrimpers win a preliminary victory against shrimp dumping by China and Vietnam
Jane Bussey
July 7, 2004

War On ‘Blood’ Diamonds Ramped Up

New EU move may stem flow of illicit stones in war-torn Africa
Ursula Owre Masterson
August 21, 2002

Last Chance to Avert Hibernation

Trade representatives must recognize the virtues of liberalization if WTO’s Doha round is to be salvaged
Ernesto Zedillo
July 13, 2004