The current phase of deglobalization has started in 2008/9 well before Brexit and Trump were on the horizon. A decade later openness (world trade in percent of global production) is still below previous peak level with no apparent recovery
As usual, there is mostly continuity in Laos: solid economic growth, a strong ruling communist party, increasing dependence on China, growing inequality, and tight control of civil society. A new trend, apart from the return of a socialist rhetoric, is an official appraisal of self-sufficiency and anti-globalization.
The trade war between the US and China and the backlash against globalization has focused attention on the durability of the region’s dominant economic model, built on investment and trade in world markets. Continent-sized nations with vast domestic markets such as China, India and Indonesia are much better positioned to ride out deglobalization compared with smaller, open economies like the Asian tigers of South Korea and Taiwan. - Vasuki Shastry Outlook for Asia 2020: The Lessons of 2019 , AsiaSentinel