Globalization is an outcome and processes of growing interdependence among people, companies, and governments, manifested in mounting cross-border exchanges of goods, services, as well as investments, and free flows of people, capital, technology, and information. The past few centuries have witnessed the fast and growing trend of globalization in our modern societies, bringing forth profound and everlasting influence on human civilization and generating tremendous opportunities and challenges to individuals, companies, and governments around the world. Nevertheless, as happened before in history, public sentiment about globalization has taken a sharp turn in the past few years. The rise and fall of Trump Administration, Brexit, and the surging of nationalism as well as populist parties in Europe, South America, and Asia are all symbols of growing displeasure with the free movement of trade, capital, people, and knowledge. It is accordingly imperative for business and public policy leaders to have a good understanding of the dynamics of global environment and their complicated impacts on individuals, companies, and governments around the globe.