The theory behind Globalism is that more goods and services can be produced if their production occurs where there is a competitive advantage, resulting in greater wealth than would otherwise occur without it. This conclusion involves two fallacies. One is that greater wealth may not be the best yardstick of success. The other is that there is no global government to regulate Globalism. The latter makes it more of a contest of survival of the fittest, than a road to prosperity for all.
I probably won’t live to find out, but it will be interesting to see if it results in a reasonable standard of living for all people, or an opportunity for a smaller and smaller number of people to corner the market on more and more of the worlds resources while more and more people work for survival wages. It is not in the interest of whoever controls the dice to let people starve because they are not productive in that state, so it is likely that most of the world’s population will at least have a subsistence living and some measure of security. That’s not too bad considering how most of the world lives right now. And it may be all that’s needed to be happy.