Literature suggests many countries across the world are facing a growing political backlash against the consequences of deindustrialisation. Intensifying anti-globalisation sentiment associated with this backlash has important implications for international business. In the absence of empirical evidence, it is however unclear to what extent deindustrialisation has contributed to a recent slowdown in the rate of growth of globalisation. Considering the importance of this knowledge, this paper tests predictions in the literature that this slowdown has to some extent been caused by deindustrialisation (declining country shares of manufacturing’s output in gross domestic product). Granger and generalised method of moments findings suggest some support for these predictions. On the basis of the findings, it is argued that compensation should be prioritised for those that stand to lose due to deindustrialisation. Further research is also called for, to explore other ‘root’ causes of current anti-globalisation movements, and to address them, before consequences spill over into a post COVID-19 era of uncertainty for international business.

文献表明，世界上许多国家正面临着对去工业化后果的日益强烈的政治强烈反对。与这种强烈反对相关的反全球化情绪的增强对国际业务具有重要意义。在缺乏经验证据的情况下，尚不清楚去工业化在多大程度上导致了最近的全球化增速放缓。考虑到这一知识的重要性，本文对文献中的预测进行了检验，即这种放缓在一定程度上是由去工业化引起的（制造业产出在国内生产总值中所占的国家份额下降）。Granger和广义矩的发现方法为这些预测提供了一定的支持。根据调查结果，有人认为，应优先考虑因去工业化而遭受损失的人的赔偿。还需要进行进一步的研究，以探究当前反全球化运动的其他“根本”原因，并在后果蔓延到国际商业不确定性的COVID-19后时代之前解决这些问题。