What is deglobalisation?

"Deglobalisation" (also called de-globalisation) is the opposite of globalisation and refers to a development in which there is increasing protectionism, a decreasing willingness for international cooperation, less integration, and a decline in mutual economic dependencies between countries. As a result, cross-border investments decrease and world trade declines.

This trend can lead to less growth in exports and reduced economic growth, especially for countries heavily dependent on international trade. Deglobalisation is closely related to the term "geo-economic fragmentation" and reflects a world in which countries are increasingly focused on their own economies rather than on global cooperation.