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.

No Lack of Fake Luxuries

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

Russia Backs Kyoto to Get on Path to Join WTO

A breakthrough that could revive the long-stalled pact to curb global warming
Peter Baker
May 22, 2004

Oxfam Launches Fair Trade Coffee Chain

Progreso Cafés exemplify a creative alliance between global capitalism and social justice
Tash Shifrin
May 13, 2004

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

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

Farmers to Gain in Trade Blow to US

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