This is part one of a two-part post on the toy industry. Part 1 looks at the rise and fall of Hong Kong’s toy industry as a case study in how globalization works. In part 2, coming Friday, I’ll answer the burning question: why is making toys such a terrible industry?

In this issue:

• Globalization: A Toy Story

• The Amazon Tax Returns

• Walmart Prime

• Huawei: Al…