Today, globalization has completely determined our everyday life. However, due to COVID-19 virus pandemic, it has received unprecedented attention. There is a lively debate about whether it is useful, whether it is needed, and where it is headed. The situation is further complicated by the subordination of economic interests to populist politics. To understand today's globalization and its future, we need to examine its formation and development. It is important to understand what effects have influenced and what its influence was throughout history, whether positive or negative. After interpreting the past, we examine research and assumptions about the present and the future.