Globalisation is characterised by long-run historical cycles, however. This includes a significant progress up to 1914; a massive retrenchment in the interwar period; a substantial revival after 1945; and, with the onset of the global  financial crisis of 2007-09, some have openly discussed risks of “de-globalisation” (e.g. Van Bergeijk, 2010).   

http://www.tandfonline.com/eprint/NMD94nPC2Hq8aFbCuwNM/full The World Trade Collapse and International Value Chains: A Cross-Country Perspective International Economic Journal