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 Recovery, Asian Surge Will Boost World Trade 7.5%: WTO

It warns, however, of three significant downside risks
Ravi Kanth
April 4, 2004

No Lack of Fake Luxuries

No sign that the trade will be eradicated any time soon
Jin Hyun-joo
June 3, 2004

Farmers to Gain in Trade Blow to US

US to lose trade war with Brazil on cotton subsidies
Josh Gordon
April 28, 2004

Globalization Alone Isn't Enough

In order to benefit from globalization, Latin America must undertake tough reforms
Stephen Haber
April 11, 2004

How Indonesia Should Respond to U.S. Economic Saber Rattling

Other nations should have strategic response to US charges of unfair trade
Patrick Guntensperger
April 9, 2004