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.

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

Going Global? Study Tata Steel First

Bad timing, just before the global financial crisis, complicated Tata’s expansion and borrowing
Rajrishi Singhal
April 8, 2016

US Adds China’s Internet Controls to List of Trade Barriers

Internet said to account for 6 percent of US GDP
Paul Mozur
April 8, 2016

Down, But Certainly Not Out

Cubans embrace trade after enduring decades of a closed economy
Nayan Chanda
April 6, 2016

Debunking America’s Populist Narrative

US voters have reasons to worry, but many go after the wrong targets
J. Bradford DeLong
April 5, 2016

Better Late Than Never

India realizes that allowing foreign direct investment is good for citizens and non-citizens alike
Nayan Chanda
March 31, 2016