"Globalization, deglobalization and Great Power politics."Commercial liberalism would suggest that whereas globalization was conducive to great power cooperation—or at least moderated competition—deglobalization is likely to ignite greater competition amongst the Great Powers. In reality, however, the picture is much more complex. To begin with, the intense globalization of the 1990s and 2000s is not responsible for moderating Great Power tensions; instead, it is itself a product of the security situation resulting from the end of the Cold War. Furthermore, while globalization did serve to reinforce cooperation between the United States and rising challengers, such as China, which sought to harness the economic gains of globalization to accelerate their rise, it also created or intensified fault-lines that have led to heightening tensions between the Great Powers.
