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.

Will Washington Return to Supporting Freer Trade?

The Bush Administration's new trade unilateralism spells bad news for America and the world
Susan Ariel Aaronson
January 20, 2004

How to Reduce Poverty: Lessons from China

Reliable energy supplies, efficient transportation, and quick dispute settlement propel some cities forward
David Dollar
January 6, 2004

China’s New Foray Into Latin America

Economic interaction is growing, but not the region’s knowledge about China
David Shambaugh
November 17, 2008

Underdevelopment and Aid: Search for a Right Balance – Part II

Africans welcome the practical, quick and no-frills Chinese approach on aid
Edward Friedman
October 29, 2008

Gulf to the US: Thanks, But No Thanks

Sovereign wealth funds of the Middle East avoid US equities
Dilip Hiro
October 22, 2008

Europeans Need Clearer Vision to Revive WTO Talks

Leaders must take decisive stance on multilateralism
Shada Islam
November 14, 2003