The last 30 years, globalization has stimulated economic growth, especially in emerging markets, and helped reduce both inflation, and real interest rates in developed countries. However, the involvement of several billion workers in the global economy has led to a drop in labor incomes amid a significant increase in company profits.. But since about 2010 a decline in cross-border capital flows. Some experts believe, that this is a temporary hiatus and that new technologies are re-intensifying globalization trends.
But there are good reasons to doubt it too.. After all, most countries are currently open, and there are no major economic players left, who could integrate into the global economy (China is unlikely to want to open its capital markets). Furthermore, such a process as "de-globalization" seems more and more likely, during which international trade and capital flows will decline. In modern conditions, the economy is only a servant of big politics, which was clearly confirmed by the trade war between the United States and China. AND, despite, seemingly, political change in Washington, China's position as America's strategic competitor means, that further confrontation is inevitable.
What forms can de-globalization take?? The likely development of the trend ranges from partial regionalization, where production is concentrated in neighboring countries, and not on the other side of the globe, before splitting into tightly competing blocks (one led by the USA, and the other – with China).
Whatever the outcome mentioned, it will be possible to state the end of the globalization concept at the current stage of the planet's technological development.