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
A British exit from the European Union wouldn’t just weaken the economies of both parties, but might mark a significant step back from globalisation. Worth re-reading after some years
Globalization has led to weaker national and international regulatory frameworks and to the emergence of new “globalist” institutional and normative frameworks. These are contested and this leads to a conflicting landscape that some call deglobalization or slowbalization (Breault & Rioux, 2019; van Bergeijk, 2019). - Rioux, Michèle, Christian Deblock, and Guy-Philippe Wells. "CETA, an Innovative Agreement with Many Unsettled Trajectories." Open Journal of Political Science 10.01 (2019): 50.
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