I would generally agree there Thaan.
"Globalization" is different than simply international trade. There has been long distance transport of goods for centuries. The price that could be obtained for those goods had to be able to support the cost of the transport.
Therefore long distance transport was for luxury goods only. It is only the advent of high energy transport, first iron sailing ships, then coal powered steam, then oil powered steam, diesel and diesel electric systems, that the markets could even consider the transport of strawberries halfway around the world.
The other thing that makes the current phase of Globalization different than it's predecessors is how many fewer actors there are. The same availability of cheap concentrated energy sources that make global transport economic also permits the system to concentrate into far fewer corporations. It's the ultimate "cutting out the middle man".
This makes the system fragile, IMHO, and slows the rate at which alternatives can be adopted.
As the Globalization process begins to react to increasing disruptions (by cost or by supply) of energy we will see a resurrection of the "middle man" big time. While from the consumer of Chinese made cheap goods standpoint this will mean a huge increase in cost, there will be a much more diversified economy as a result. A much more robust and sustainable one I hope.
F
