In two thousand and eight the word global was everywhere, again, because of the global financial crisis. And that's when you began to see the level of corporate globilization slow down really sharply. Then we had the pandemic, and then we had russia's war in ukraine. So all o that, those three shocks of the last few years, i think, have finally tipped most companies over the edge.
The 1990 opening of a McDonald's in Russia heralded not just burgers and fries but, get this, a new era of peace and prosperity. The Economist’s Patrick Foulis explains how the promises of globalization never entirely materialized.
This episode was produced by Avishay Artsy, edited by Matt Collette, fact-checked by Laura Bullard with help from Victoria Dominguez, engineered by Paul Mounsey, and hosted by Noel King.
Transcript at vox.com/todayexplained
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