The 75th anniversary of the Bretton Woods multilateral institutions was celebrated - in 2019 - at a time when the benefits of globalization and open market economies were being challenged. Against the backdrop of a significant increase in trade protectionism, doubts about the functioning of the current trading system were pronounced. Recently, heightened geopolitical tensions - due to the Russian invasion of Ukraine - has also added to the concerns about the future of the global trading system.

Analyse and investigate of the issues discussed above. Does the recent rise of protectionism, economic sanctions, and military conflict signify the end of the global trading system that fostered globalization?