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.

Jobs Can Be Outsourced, Not Politics

By linking job loss to trade, politicians have always courted economic ruin
Harold James
March 24, 2004

US and China Must Tame Imbalances Together

The two nations must coordinate fiscal and monetary policy to control the crisis they helped create
Michael Pettis
January 6, 2009

“Brexit” Could Send Shock Waves Across US and Global Economy

Many US firms rely on the UK as base for doing business in the rest of Europe
Ylan Q. Mui
June 22, 2016

Cheap Money Helped Inflate Energy Balloon

With the inevitable bust, though, investor losses may have outweighed price gains for consumers
Rani Molla and Lisa Abramowicz
June 20, 2016

The Financial Plan for “Brexit”? Cross Your Fingers

The uncertainty of Brexit unnerves global markets
Peter S. Goodman
June 17, 2016

Post-Withdrawal Britain: Why the Swiss Model Wouldn't Work for the UK

Britain won’t escape regulations, and the London financial sector will lose influence
Christian Teevs
June 14, 2016

The Rise of Manufacturing Marks the Fall of Globalization

Robotics could usher in an era of efficient regionalization
Rebecca Keller
June 10, 2016