Okay, before you get all excited and jumpy to hear the story of Mcdonald's, no, that’s not what we are here for today. I used that because what better euphemism for globalization to use other than Mcdonald's itself? Ah yes, globalization. Capitalism’s flagbearer. Countries that were hitherto closed to trade and foreign investment open up their economies and go global, increasing the interconnectedness and integration of the world's economies. Globalization has defined almost every aspect of our society’s growth over the past 100 years. The globalization trend eventually waned and crashed in the catastrophe of World War I, followed by postwar protectionism, the Great Depression, and World War II. After World War II in the mid-1940s, the United States led efforts to revive international trade and investment under negotiated ground rules, starting a second wave of globalization, which remains ongoing, though buffeted by periodic downturns and mounting political scrutiny. We’ve got globalization to thank for the availability of everyday items like avocados (cultural globalization), annual events like Black Friday (globalization of traditions), and even your favorite show on Netflix (digital globalization) – but what exactly is globalization in the context of the present day? How does it impact our lives, and why is it so important? Even furthermore, owing to everything that changed in the world following 2020 and right now with the Russian invasion of Ukraine, are we correct to believe that this will reverse the globalization trend that we have seen unprecedented for almost 80 years? And if so, how does it affect capitalism? We explore all of these questions and more, covering everything from the history of globalization to the anti-globalization movement to the present structure of our economies and the changes it will eventually go through within the next decade. As always, Thank You so much for taking the time in listening as well as reading this. Do not forget to follow the podcast on any platform you are listening to and review it if you are on Apple Podcasts or Spotify. If you want to get in touch with me, here is everything I am accountable for - Have a great day! > www.linktr.ee/neogyspandan