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Is this the end of globalization?

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A woman walks past a board showing currency exchange rates of the US dollar and the euro against Russian ruble in Moscow on February 22, 2022. - Russian stock indexes fell sharply Tuesday morning, after Moscow recognised the independence of Ukraine's two separatist regions and President Vladimir Putin sent troops into the Western-backed country. The dollar-denominated RTS index was down 10.8 percent at 0713 GMT, and 32.5 percent since the start of the year. The ruble-based MOEX fell by 8.8 percent. The Russian currency also slid, with the ruble trading at more than 91 to the euro and 80.7 to the dollar. (Photo by Dimitar DILKOFF / AFP) (Photo by DIMITAR DILKOFF/AFP via Getty Images)

A woman walks past a board showing currency exchange rates of the US dollar and the euro against Russian ruble in Moscow on February 22, 2022. - Russian stock indexes fell sharply Tuesday morning, after Moscow recognised the independence of Ukraine's two separatist regions and President Vladimir Putin sent troops into the Western-backed country. The dollar-denominated RTS index was down 10.8 percent at 0713 GMT, and 32.5 percent since the start of the year. The ruble-based MOEX fell by 8.8 percent. The Russian currency also slid, with the ruble trading at more than 91 to the euro and 80.7 to the dollar. (Photo by Dimitar DILKOFF / AFP) (Photo by DIMITAR DILKOFF/AFP via Getty Images) Dimitar Dilkoff/AFP via Getty Images

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Segments From this episode

How Russian sanctions could speed up the corrosion of globalization

by Kai Ryssdal and Andie Corban Mar 23, 2022
Adam Posen of the Peterson Institute says that could lead to less varied, costlier goods and a more divided and politically uncertain world.

Trade deals improve relations with U.S. allies — gradually

by Mitchell Hartman Mar 23, 2022
A new trade deal with the U.K. will erase Trump-era tariffs on steel and aluminum imported into the U.S., and motorcycles and whiskey exported to the U.K.

Helping is one goal of humanitarian aid. Another is claiming credit.

by Stephanie Hughes Mar 23, 2022
Countries and international organizations want people to know about the foreign aid they provide.

High gasoline prices take toll on gig economy drivers

by Meghan McCarty Carino Mar 23, 2022
A survey found more than half of drivers have either reduced their hours or quit in response to rising fuel costs.

What happens when a family finally gets off the housing voucher waiting list

by Amy Scott Mar 23, 2022
Housing vouchers can change recipients' lives but often come after years of waiting.

For Russians, McDonald's was once a symbol of modernity. Its closing feels like a step backward.

by Kristin Schwab Mar 23, 2022
When the golden arches opened, Russians marveled at how it differed from local restaurants: friendly service and plastic packaging.

Music from the episode

Atomized Andrew Bird
2 The Music KAYTRANADA, Iman Omari
Flip Flop Vibe The BREED
Cherry Tomatoes Guustavv
Wait for Me Swim Mountain

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