"Globalization is on its deathbed," says economist Mike O'Sullivan. The question now is: What's next? Tracing the historical successes and failures of globalization, O'Sullivan forecasts a new world order where countries come together over shared values rather than geography. Learn how big regional powers like the United States and China will be driven by distinct ways of governing trade, technology and people -- while smaller nations will forge new alliances to solve problems.

The end of globalization (and the beginning of something new)

The era of globalization, which lifted billions from poverty and multiplied wealth in countries like Vietnam and Bangladesh, is ending. Rising inequality and historic levels of debt have undermined its promise, while the pandemic exposed a lack of global unity. Instead of one interconnected system, nations are now splitting into blocs defined by values, not geography. Smaller countries and city-states are finding new ways to collaborate based on shared priorities, signaling the dawn of a more complex, value-centered global landscape.