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A goods and physical services market that is becoming more localized
I don't see this local shift in goods and services globally, precisely because they are under state regulations and therefore won't be localized. There's always someone in the world to supply the demand of people accustomed to products not produced and grown locally. It would be a major cultural break for social groups, and that's why I believe and see this happening more individually in remote locations.
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I don't think so. Nationalism / security spheres are already making something else happen: trade segregation within blocs. I was spending a lot of time in Moscow when their 2014 EU sanctions hit and they banned all food imports - from their #1 source of fruits and vegetables. For the first months, the grocers had issues, but after 2 or 3 they started selling Peruvian fruits and vegetables (at a massive premium vs the formerly imported EU foods.)
This is the immediate future I foresee, where trade is no longer global, but politics limit free trade with (a growing list of) perceived hostile states. Intriguingly, I remember reading accounts that this was something that happened in Europe right before the 2 great wars. So that doesn't predict a great outcome in the mid-term.
I think that we have 2 markets at the moment: