“…Relatedly, scattered evidence of the reshoring/backshoring of manufacturing activities to the developed world has now been observed in some industries and sectors (Bailey and de Propris, 2014;Dachs et al, 2019;Kinkel, 2012;Lund and Steen, 2020). Against this background, whether our current phase of globalisation is coming to an end and the world economy is entering into a phase of deglobalisation, decoupling, reshoring, has sparked heated debates both in academia and beyond (Antràs, 2020;Atkinson et al, 2022;Olivié and Gracia, 2020;Williamson, 2021). While some believe that such predictions largely exaggerate the extent to which such restructuring will happen in practice (e.g., Antràs, 2020;Willliamson, 2021;World Economic Forum, 2020) or are premature (e.g.…”