"Deglobalization" (also known as de-globalization) is the opposite of globalization and refers to a development in which there is increasing protectionism, decreasing willingness for international cooperation, less integration, and a decrease in economic interdependencies between countries. As a result, cross-border investment declines and global trade falls.

This trend can lead to less growth in exports and reduced economic growth, especially for countries that rely heavily on international trade. Deglobalization is closely related to the term "geo-economic fragmentation" and reflects a world in which countries increasingly focus on their own economies rather than global cooperation.