UK Chancellor Rachel Reeves has declared that the era of globalization, as traditionally understood, has come to an end. According to Jin10, Reeves emphasized the need for a new approach to international economic relations, suggesting that the global landscape has shifted significantly. She highlighted the importance of adapting to these changes to ensure economic stability and growth. Reeves' statement reflects a growing sentiment among policymakers that the global economic environment is undergoing a transformation, necessitating a reevaluation of strategies and policies to address emerging challenges.