From the beginning of the 1980s, we’ve depended on globalization to expand economic opportunities — first with the entrance of emerging countries into the global workforce and capital markets. Later that decade, the end of the Soviet Union brought another vast population and territory into the global marketplace. Increasingly we’ve looked to China to create new consumers and expand demand for the goods and services produced by developed markets. What are the third-order effects if the world is on a slower trajectory of growth in the longer term?