Globalization is facing challenges due to global crises like the Great Recession and the Pandemic Recession. Israel's trade and financial globalization are increasing despite these challenges. The pandemic has caused a significant economic downturn worldwide, leading to changes in global trends. Supply chains and production have been disrupted, impacting both supply and demand. People are saving more and investing less. The question is whether these short-term changes will strengthen globalization in the long run. The focus is on how advanced economies and Israel are navigating these challenges.