Is Globalization Over?

Abstract

Globalization has experienced an incredible acceleration following the conclusion of the Cold War. However, during the last 20 years, it has received increasing threats, and there have been several declarations of its death. Globalization has endured, nevertheless, despite the Great Financial Crisis, Brexit, and the bitter trade dispute between the U.S. and China during Donald Trump's presidency. Worldwide supply chains could have finally collapsed because of the COVID-19 outbreak, but globalization managed to endure. The global systems of production, trade, finance, and human globalization, linked to the mobility of people and communication, have resisted all these threats. Most likely, globalization is too rooted in the contemporary international system to be reversed. However, security threats and possible worldwide armed conflicts appear more severe than in the past, threatening to undermine its survival. The purpose of this paper is to present an explanation of the evolution of globalization. In order to achieve this, a comparative methodology is used between different authors analyzing the activities related to globalization.

Received: 22 February 2024 / Accepted: 14 March 2024 / Published: 23 March 2024