Trade Resources Policy & Opinion The World Has Come to Rely Heavily on The Asian Economy

The World Has Come to Rely Heavily on The Asian Economy

Now that the world has come to rely heavily on the Asian economy, countries in the region need to contribute to its stability if they wish to win investor confidence.

One company acutely aware of this is General Motors. America's largest carmaker will establish an Asian headquarters in Singapore this summer. With a staff of nearly 200, the office will take chargeThe amount of electricity present upon the capacitor's plates. Also, the act of forcing of electrons onto the capacitor's plates. See CoulombA coulomb is the unit of electric charge. It is named after Charles-Augustin de Coulomb.1 coulomb is the amount of electric charge transported by a current of 1 ampere in 1 second. It can also be defined in terms of capacitance and voltage, where one coulomb is defined as one farad of capacitance times one volt of electric potential difference.. of a broad range of duties, including marketing, product planning, financial management and negotiations with governments.

GM already has such an office in Shanghai. But now that its business in China is on track, the company wants to bolster its operations in Southeast Asia.

Decades ago, a top GM executive said, “What is good for the country is good for GM, and vice versa." The arrogant notion that GM is America’s symbol and inseparable from the country created a corporate culture that sought government protections rather than self-reform. That approach culminated in the company’s bankruptcy in 2009, when it buckled under growing international competition.

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What Is Bad for Asia Is Bad for America