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.

US-South Korean Free-Trade Agreement: The Cost of Failure

US influence over major emerging markets has diminished
Bruce Stokes
January 9, 2007

First Contact

China flirted with globalization six centuries before the WTO
Aparisim Ghosh
October 10, 2002

Relax, Democrats Might Not Be So Protectionist After All

Free-trade Democrats are not necessarily an oxymoron
Edward Gresser
November 14, 2006

When Labor Loses Out to Trade

Governments have a range of policies to expand trade while minimizing the loss of jobs
Gustav Ranis
August 10, 2006

Development Vs. Free Trade

WTO strives for one last chance at wrapping up the Doha Round trade talks
Bernard K. Gordon
July 20, 2006

Can the Doha Round Be Salvaged?

Failure to agree on market access could weaken the WTO
Ernesto Zedillo
May 9, 2006