The China-U.S. trade war, the COVID-19 pandemic and the Ukraine war. Every time the world faces a global crisis, we immediately hear voices blaming globalization or declaring it is in decline. While not everyone is so critical of globalization, many would agree that over the past few years it is being reshaped according to evolving global, regional and local situations. What are the pros and cons of globalization? How is it changing? And how it may develop?

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