Mapping complexity in deglobalisation: A typology of economic localisms from ‘hyper-localism’ to ‘strategic autonomy’

Abstract

In recent years, scholarly attention has turned to the fracturing of global supply chains and the costs and benefits of reorienting economies to the local scale. While its real extent is debated, the term ‘deglobalisation’ has been broadly used to refer to this break from the expansionist neoliberal common-sense of previous decades. This paper conducts narrative reviews of six approaches which have emerged in this context: Hyper-localism, Open Localism, Cosmo-localism, Foundational Economy, Developmental Nationalism and Strategic Autonomy. It examines these emerging proposals for more local production, consumption and trade, and hints at relevant research directions for the uncertain era ahead. Its conceptual contribution shows that we are now faced with complex and differing processes of (de)globalisation – sometimes overlapping and sometimes competing. Grounded in a post-growth perspective, the paper concludes with an invitation for dialogue and future research around local production where capitalist political economy and organisation are not taken for granted.