Earlierthisweek,theUSSenatepassedabilltoboostandsupportmicrochipmanufacturingagainwithinthebordersoftheUnitedStates.TheopeningsentenceoftheWhiteHousestatementonthetopicreadslikethis:"Today,theHousepassedabillthatwillmakecarscheaper,appliancescheaper,andcomputerscheaper."Surprisingly,makingtheseexactproductscheaper-amongmanyothers-wastheonekeyreasonwhythemicrochipindustrygraduallylefttheUnitedStatestowardsTaiwan,China,andSouthKoreamanyyearsagowhenglobalizationwascontinuouslyontherise. Discussthistopictakingintoconsiderationwhatwehavelearnedthroughoutourcourse.Whydoyouthinkthishappened?Howdoesthiscorrelatetoglobalsupplychainmanagement,governmentinfluenceontrade,andinternationalbusinessstrategy? Theassignmentwillbegradedonthequalityofreflection,discussion,insightsandhowyoumakecorrelation(s)tocoursetopics. Thebodyoftheessaymustnotbelongerthanthreepages.Itshouldbetypedinan11-pointfontwith1.5linespacing.Inadditiontothat,addacoverpagewithyourname,studentnumberandofcoursethetitleoftheessay!Makesuretociteanyreferencesthatyouuse.Referencepagesdonotaddtopagecount. ThelinkfortheWhiteHousestatement: https://www.whitehouse.gov/briefing-room/statements-releases/2022/07/28/statement-from-president-biden-on-house-passage-of-chips-and-science-act-to-lower-costs-create-good-pay-jobs-and-strengthen-our-national-security/ Example for coverage from the news: https://www.reuters.com/business/majority-us-senate-backs-bill-boosting-chipmakers-compete-with-china-2022-07-27/