deglobalisation
Borders closing again
Deglobalisation is the reversal or slowing of global economic integration—the unwinding of interconnected trade, investment, and supply chains that accelerated in the late twentieth century.
The term describes both deliberate policy shifts toward protectionism and broader trends of economic nationalism: The pandemic accelerated deglobalisation as countries sought domestic production of essential goods.
Also spelled deglobalization.
Taxes on imports
- sanctionsPunitive international restrictions
- anti-dumpingCountering below-cost imports
- subsidiesFinancial aid from government
- embargoOfficial prohibition on trade
Independence from outside aid
- self-relianceDepending on oneself alone
- independenceFreedom from external control
- inward-lookingFocused on oneself
- self-containedWhole without external parts
Supreme independent authority
- nationalismDevotion to one's country
- populismPolitics favoring ordinary citizens
- multipolarityMultiple competing power centers
Relocating production domestically
- nearshoringRelocating work to neighboring countries
- onshoringRelocating operations domestically
- decouplingRemoval of interdependence
- localisationAdapting for specific markets
regionalism · repatriation · insourcing · relocation · divestment · unbundling
Strong negative reaction
- grassrootsCommon people as political base
- localismPreference for nearby things
- artisanalMade by skilled craftspeople
- cooperativeJointly operated enterprise
tariffs
Taxes on imports
- sanctionsPunitive international restrictions
- anti-dumpingCountering below-cost imports
- subsidiesFinancial aid from government
self-sufficiency
Independence from outside aid
- self-relianceDepending on oneself alone
- independenceFreedom from external control
- inward-lookingFocused on oneself
sovereignty
Supreme independent authority
- nationalismDevotion to one's country
- populismPolitics favoring ordinary citizens
- multipolarityMultiple competing power centers
reshoring
Relocating production domestically
- nearshoringRelocating work to neighboring countries
- onshoringRelocating operations domestically
- decouplingRemoval of interdependence
localisation · regionalism · repatriation · insourcing · relocation · divestment · unbundling
backlash
Strong negative reaction
- grassrootsCommon people as political base
- localismPreference for nearby things
- artisanalMade by skilled craftspeople
deglobalisationglobalisation
Worldwide economic and cultural integration
globalization · free trade · economic integration · open markets · offshoring
deglobalisationinternationalism
Favoring cooperation among nations
global integration · globalism · cosmopolitanism · multilateralism · supranationalism