Comment by r_hoods_ghost

An alternative to globalization is not necessarily isolationism, which I agree is unlikely, but instead the re establishment of distinct blocs that operate largely independently of each other, according to distinct sets of rules, as during the Cold War when you had the (Sino) Soviet bloc, the "West", and a large number of countries that mostly traded with just their immediate neighbours or with former colonial powers. The current, second, period of globalized trade (the first ended in 1914) is built on a rules based international order that is beginning to break down for a variety of reasons, including China's increased economic power, the reemergence of nativism in various polities, Russia's desire to reestablish it's empire (I know that's a simplification but not by that much) and an increasing belief in the EU that the USA is no longer interested in being a guarantor of it's security. A deglobalised world is one where trade still happens, but it is much more likely to be constrained within blocs and be carried out according to different rules and norms depending on where you are.