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.

Is Equity in Trade an Attainable Goal?

Laudable international reform efforts may ultimately prove a mixed blessing
Susan Ariel Aaronson
September 15, 2004

Wise Trade Policy Can Address the Roots of Terrorism

The West needs to open the trade door to the Muslim world
Edward Gresser
July 8, 2004

The End of Textile Quotas Will Redistribute Pain and Gain

Countries who so long benefited from quota system must reconfigure their economy
Edward Gresser
June 10, 2004

WTO Hands a Critical Victory to African Farmers

Even if US resists call to end subsidies, trade body's ruling encourages poor nations
Gayle E. Smith, Susan E. Rice
May 21, 2004

US and China: Grappling Over Economic Rescue – Part II

The two nations must first coordinate stimulus plans, then engage in currency diplomacy
Edward Gresser
February 2, 2009

Is Protectionism Unavoidable?

Political compulsion could overcome economic prudence but coordination among countries may limit damage
Jeffrey E. Garten
February 6, 2009