Determinants of deglobalization: A hierarchical model to explore their interrelations as a conduit to policy

The world is moving towards the deglobalization era, and industrialized economies have marked its beginning. The present study aims to identify the interaction among the selected determinants that have brought the paradigm change. Numerous studies have been done to explore the determinants that have brought globalization; however, a few research pieces have been conducted to analyze the reasons behind the people’s displeasure after globalization. The contemporary study attempts to fill the above gap by studying the interplay among the determinants leading to the deglobalization process. We have used the modified total interpretive structural modeling to explore the relationship between the determinant that led to deglobalization. Incorporating polarity in TISM modeling has refined the model and made it more explanatory. The developed model is a novel initiative in studying the determinants that have led to the deglobalization process. In addition to it, we have also examined how the rising skepticism against globalization influences countries’ policy formation.