Globalization has allowed countries, cultures, economies, and societies to become more connected, dependent, and integrated through increased trade, investment, communication, and exchange of ideas, information, and technology.
We’ve advanced in transportation, communication, and technology, as well as changes in economic policies that have made it easier for people, goods, services, and capital to move around the world.Together, we have made significant progress in globalization, dramatically impacting many aspects of our lives.
But like when ‘Thanos’ clicked his fingers in ‘The Avengers – The Endgame ‘, it changed overnight ( over many nights, I should say ). While ‘Thanos was fictional, the COVID-19 pandemic wasn’t, and its effects had a significant impact on globalization, disrupting supply chains and trade flows, and highlighting the vulnerabilities and interdependence of global systems, thus reducing nations back to self-sufficiency.
Economic growth is slowing down, and higher tariffs and trade barriers have come into place globally, which has seen an increase in protectionism and a decline in international cooperation.
With the already noticeable decoupling of the USD, and as more nations gravitate to their GOLD reserves, economic security is a priority for everyone. Hence the birth CBDCs, and talk of the BIG RESET, which correlates nicely to a possible financial reset, sending the world toward a “better globalization ‘.
The turning point will come when the current Ukraine conflict ends, just like it did in 1945 ( End of the WW2 ). A new beginning for the global economy.
So in short, YES It is the END, but if history has taught us anything, then it’s going to be just fine.
- · AGE OF DISCOVERY ( 15th-18 century )
- · GLOBALIZATION 1.0 ( 19TH century – 1914 )
- · GLOBALIZATION 2.0 ( 1945-1989 )
- · GLOBLIZATION 3.0 ( 1989-2008 )
- · GLOBQLIZATION 4.0 – THE DIGITAL BATTLE – SOON.
