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This book offers a historical review of globalization, an in-depth analysis of its current crises, along with predictions and practical prescriptions for its future development. Drawing on comparative studies of political and financial systems, economic models, intellectual cultures and ideologies, scientific and technological development, and crises management (pandemic, environment, etc.,), it argues that it's necessary to build a new form of globalization which is more conducive to global peace and prosperity. Also this book discusses how the Covid-19 pandemic is a watershed event that will have a significant impact on the future course of globalization. The strict lockdown policies implemented across the world highlight the threat that pandemics can pose to globalization, and have amplified the voices advocating Sino-American decoupling. However, the author is confident that it will lead to an alternative form of globalization instead by highlighting the need for greater international cooperation when facing health crises on a global scale.