Commentary Globalization is not necessarily a bad thing. Current problems aside, the globalized supply chain is largely a win-win. It permits manufacturers in some countries to pick and choose the best subcontractors and components, while allowing companies in other states to specialize and build up core competencies. Consequently, we have “world cars,” with parts produced around the world and then assembled in one or more countries. Production of smartphones and personal computers are similarly globalized. Admittedly, globalization has its shortcomings, particularly in terms of outsourcing jobs or exacerbating the kind of supply chain problems we are currently experiencing. But in general, globalization has been good for manufacturers, suppliers, and, above all, consumers. Some types of globalization, however, are coming under growing criticism, particularly when it involves China. Increasingly, China is seen in the West as an unreliable partner, seeking mainly to use globalization as a means to acquire technologies for …
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