The phase of globalization is surely nearer to its end!

[CTO114]

Globalization surely used to be the other of the day, as countries aligned, formed trade alliances an depended on each other, before the last five years, we surely witnessed an era where globalization was prioritized; produce and trade where is cheaper.

What the world is witnessing now is quite different; there's emergence of tarrif wars, regional supply chains and most recently economic nationalism.

Countries no longer prioritize affordability or cheapness, their priorities have shifted to political agreements, security and security.

Surely survival is replacing efficiency, as a result, goods are more expensive, supply chains are duplicates, as we start to see globalization being reduced to nothing. This shift will surely be more evident for the next couple of years

[uneng]

Do you really think USA, China and Russia will stop negotiating with each other? Tarrifs are more like blackmail to reach a better agreement in the future, and not exactly to cease economical partnerships.

Indeed, there is a lot of mistrust in the world right now, and even countries which used to be allied are already hostilizing each other, but trade is inevitable in a world where money talks.

The ideology of the world is money.

[joniboini]

I'm not sure who define globalization as working together with other countries to be honest. As far as I can recall, globalization is basically the removal of distance between one countries to another, which means they can interact through other means quite easily. People mentions cultural export, economic partnership, and so on alongside stuff like tariff wars or international sanction since years ago. I feel like OP definition is a bit too limiting and nobody thinks the same way.

[rat03gopoh]

I don't see this as a sign of the end, but rather as part of a new world order (fragmented globalization). It's not just blocs of countries forming new alliances, but also how large companies are opening new production centers in regions perceived to have more stable geopolitical conditions in the long term. If countries have strategies to maintain their economies, companies also need to maintain their markets.