Globalization rising too much?

From the article:
One world? Oct 16th 1997 From The Economist print edition


With globalization the growing integration of national companies is increasing. Still it cannot be seen as dramatic, since it’s extend can be exaggerated and can still be reversed.The growing globalization in the 90’s resulted in a decrease of it after World War One since “that earlier attempt at globalization ended abruptly with the first world war, after which the world moved into a period of fierce trade protectionism and tight restrictions on capital movement”.Though globalization can bring an increase in living standards, boost in productivity, capital shifting to the most productive investment opportunities and a better division of labor, it also is said to have the negative effects of increase in competition, reduction of wages and welfare benefits, setting of own economic policies, increasing power of financial markets.Today the trade of countries is reducing, “Britain and France are only slightly more open to trade today than they were in 1913”, because of the high prices and the decrease in financial market integration. And while labor is decreasing today only communication is increasing.And as we look into the future we can on one hand see that the communication of the internet has made the markets more transparent since it allows the control of prices =on the other hand the wealthiest that globalization is constructing will be unequally distributed.With rising technology it seems like there is no turning back of globalization. Still market faith can always be “overwhelmed by big economic shocks”, so the situation cannot be described as escapeless.