please use the attached textbook below!! Your writing should be based on the textbook.Read theWall Street Journal, The Economist, orany other newspaper or weekly publication and select a single...

The golden age of globalization has passed, and a fundamental shift in the way the world operates has occu
ed, according to Singapore Deputy Prime Minister and Finance Minister Lawrence Wong. Mr. Wong stated during a discussion at the Fo
es Global CEO Conference in Singapore on Monday night that, while governments have not completely abandoned protectionism, companies are more harmed. The consequences of geopolitical conflicts Singapore and the rest of ASEAN, on the other hand, seek a balanced relationship with the US and China, with both nations engaging with the area "based on their own interests" rather than through the lens of China.
Shimano founded Shimano Singapore Pte. Ltd in 1973 and a commercial office for the entire Asia in 1996, making Singapore a major Shimano bike components manufacturing hub in Asia attendees at the CEO Conference and members of ASEAN, the Association of Southeast Asian Nations, heeded the counsel of Singapore's Deputy Minister of Finance. South Asia is home to ten countries half of which have become bike-producing nations since
ands a
ived from China soon before the epidemic.
Following the bicycle boom and the crises from 1975 to 1980, Schwinn was forced to close all of its domestic production activities and outsource 90% of its goods to customers. Taiwanese giant capitalizes on globalization. Schwinn has ten years later followed the Taiwanese bicycle industry and globalised sourcing in China. Several bankruptcies followed Schwinn during the following 30 years, until the
and was purchased by PON Holdings as part of Dorel Sports' acquisition of Dorel Industries in October 2021.
Countries do not need to be friends to do commerce with one other, according to the prior premise. Indeed, Wong believes that the more we trade and invest with one another, the less our global competition will be. That's the na
ative, and that's the conclusion of the story. Thus, according to a different logic, the golden age of globalization, as we have known it for more than 30 years, is well started, since the cold war is obviously finished and we are entering a new period, one characterized by increased geopolitical competition. He said that if these trends become more common, the world would become more unsafe and prone to fissures. Without the ability to connect and communicate between individuals, it's easy to portray the other side as the bad guy, we're the good guy. And both sides do. And you have a whole generation of people who grew up thinking that way, so what will happen in 50 years, in 30 years? I think that's what we should be concerned about.
According to Ng, research have indicated that many US S&P 500 businesses have profited from China's revenue and size expansion. Similarly, according to John Studzinski, vice president and chief executive officer of US investment...