Globalization, Necessarily Linked to Financial Globalization?

"Academic research suggests the benefits of globalized finance to the real economy have been minimal and so the cost of deglobalization is likely to be minimal too, says Richard Portes, professor of economics at the London Business School. " ~ Wall Street Journal quote from article by Simon Nixon. Uh, really? This seems highly unlikely. Surely the shrinking of global finance must either signal a great reduction in general globalization or be the result of it. Only the events of coming months will tell...