Globalization has had its perks and its vices, however I believe our sophisticated internationally dependant economy relies on it. When I say there is no good way of turning back one has to look at the alternatives. If we localize all industries then we eliminate any country specific specialization, thus eliminating efficiency. In addition, we would weaken most industries by eliminating some competition (which is the key to progress). This case can be seen in several Latin American countries, who in an attempt to develop their own infrastructure started making cars. The only way they sold these cars was by placing tariffs on all foreign cars, thus protecting all domestic brands. However, as foreign cars continued to compete amongst themselves, they continued advancing. In the end you had one country supplying its people with some seriously outdated and inefficient cars, while on the other hand you see how successful companies such as Toyota and GM have been due to their international competition. However, despite the wonders that Globalization has on the economy, it is culturally sketchy. Globalization sometimes imposes standards on cultures, which may conflict greatly and cause hatefully reactions. This can be seen in the discontent with America certain regions of the world display. Globalization does have a bad habit of trapping nations too. Sometimes this is for the better, such as between the United States and China. These two countries are completely dependant on one another, thus preventing war and conflict. On the other hand we see several examples of damaging relationships, such as the United States overdependance on Saudi oil. Other bad relations can be seen in how newly industrialized countries are arguably economically dependant on their former colonies (although several Asian countries have seem to break free dependency chains)...all in all its a mixed bag that can't be reversed without hideous consequences. It will take a bit more trial and error, but eventually Globalization will reach an ideal equilibrium.
