deglobalization

Deglobalization or deglobalisation is the process of diminishing interdependence and integration between certain units around the world, typically nation-states. It is widely used to describe the periods of history when economic trade and investment between countries decline. It stands in contrast to globalization, in which units become increasingly integrated over time, and generally spans the time between periods of globalization. While globalization and deglobalization are antitheses, they are not mirror images.

The term of deglobalization has derived from some of the very profound change in many developed nations, where trade as a proportion of total economic activity until the 1970s was below previous peak levels in the early 1910s. This decline reflects that their economies become less integrated with the rest of the world economies in spite of the deepening scope of economic globalization. At the global level only two longer periods of deglobalization occurred, namely in the 1930s during the Great Depression and 2010s, when following the Great Trade Collapse the period of the World Trade Slowdown set in.