This chapter examines the characteristics of contemporary globalization and how they are reshaping world politics. It argues that both the Covid-19 pandemic and climate change are indicative of just how deeply enmeshed the fate of communities and societies across the world has become, not to mention how globalization simultaneously unifies and divides the world. It explains why globalization challenges some of our traditional ways of thinking and theorizing about world politics. It asks whether there are limits to globalization or whether it is inevitable. It also considers the extent to which globalization is responsible for the emerging shift in the structure of world power, namely the ‘decline of the West’ and the ‘rise of the rest’. Two case studies are presented: one is about global food security and the other is about multicentric globalization.