Abstract:

The global financial crisis of 2007-2009, which affected the most developed countries, revealed the negative consequences of globalisation. As a result of the crisis, discontent with the process began to grow and visions of stopping it appeared. The society's dissatisfaction was aroused, among others, by the relocation of production to developing countries, migrations that caused the loss of jobs for the middle class. These factors have resulted in the growth of international flows, which have benefited transnational corporations and the richest class. Examples of the retreat from globalisation are Brexit in the UK or the election of President Donald Trump in the United States and his protectionist actions. The aim of the article is to analyze theoretical knowledge about the trade war between the United States and China. The study uses an inductive approach. On the basis of the conducted observations, conclusions were drawn concerning the possibility of stopping the process of globalization and verification of the research hypothesis: the current stage of the globalization process is unstoppable, it can only be slowed down or modified.