On April 8, 2024, Singapore's Prime Minister delivered a speech to the nation's parliament that sent shockwaves around the world. In his address, Lawrence Wong told the people of Singapore that the "era of rules-based globalization and free trade is over, and Singapore must take action." But why does the topic of “globalization” continue to captivate and concern the global community?
As of now, the ASEAN-6 countries, comprising Indonesia, Singapore, Thailand, Malaysia, Vietnam, and the Philippines, have released their Q1 2025 GDP growth figures. But how has the growth ranking of these economies changed?