Is deglobalization possible?

Abstract

Deglobalization seems to appear with the Brexit, Trump ’s election as US president, and the victory of the “ No ” vote of 2016 Italian constitutional referendum. Globalization or deglobalization is ultimately driven by strong party ’ s interests. With the development of globalization to a certain extent, the benefits that several major developed capitalist countries can gain in the trend of globalization are gradually less than the benefits of damaged ones. Therefore, these major developed capitalist countries want to safeguard their interests by promoting deglobalization. Is deglobalization possible? Now the force of globalization and deglobalization coexist, and it depends on which side is more motivated. As long as the two major trends that continuous developing of the global value chain and the continuous improvement of science technology have not fundamentally changed, the process of globalization will not be fundamentally changed. In fact, these two major trends have not be changed fundamentally, and they are difficult to be changed. In the process of globalization, there will inevitably be imperfections and deficiencies in management mechanisms, such as income inequality among countries and income inequality among different hierarchies in a country. Some so-called deglobalization phenomena in the current can be seen as exploratory amendments of the deficiencies of globalization rather than real deglobalization. This article will discuss why the deglobalization is not very likely from the following three aspects: 1. The developing countries gradually have more initiative in the global arena; 2. The development of information technology is irreversible; 3. To analyze from other driving factors of deglobalization.