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.

For East Asia, Crisis Prompts a Rethinking of Dependence on Exports

Trade dwindling around the world spurs new financial strategy in East Asia
Keith Bradsher
March 5, 2009

Out of Gaps in Treaties, First Salvos of Trade War

World leaders deplore economic nationalism from others, but not their own
Anthony Faiola
February 4, 2009

India's Diamonds Lose Their Luster

Global consumers abruptly redefine their wants and needs
Neeta Lal
February 5, 2009

N. Korea Plans Free Trade Zone on Island

China may get slim opportunity to influence the isolated nation
Toru Makinoda
February 5, 2009

Britain Must Not Go Wobbly on the Free Market

Rejecting foreign products or labor will invite immediate retaliation
Emma Marcegaglia
February 10, 2009