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.

Garment Industry Faces a Global Shake-Up

Abolition of Multifiber Agreement will lead to massive reorganization and consolidation
Guy de Jonquières
July 19, 2004

Staring Into the Mouth of the Trade Deficit

A port city sees exports decline
Elizabeth Becker
February 21, 2004

Sushi Rice, California's New Gold Rush

Open export markets bring Sacramento rice to Japan
Kay Rentschler
October 8, 2003

A Tree That Supported Sudan Becomes a War's Latest Victim

Gum arabic supplies drastically reduced, hurting US economy
Marc Lacey
May 15, 2004

The $40-a-Barrel Mistake

US and Saudi blunders have raised oil prices worldwide – is a turnaround possible?
Edward L. Morse
May 25, 2004