Globalisation in retreat

It seems that globalisation heralded in the early 90s has lost its power by now. The article analyses the underlying reasons – the fight of capital groups, the reinforcement of national economy frameworks and the resistance against globalisation. According to the author, "from today's vantage point, globalization appears to have been not a new, higher phase in the development of capitalism but a response to the underlying structural crisis of this [capitalist] system of production."