At a time when a growing number of regional conflicts have led to further international tensions, the recent phone call between top leaders of China and the U.S. has drawn wide attention to whether the two global powers can inject some stability into the world.

Are decades of globalization and relative world peace coming to an end? Are we moving toward a second Cold War and seeing a replay of the 1930s? What is the root cause of global instability? Is it more of economical or political nature?

Today on the podcast, Professor Da Wei, the director of CISS, Tsinghua University, shares his views on the trend of international relations.