Globalism is another "ism" that is dead. It is not possible to have it in the way the West wanted (a cloning factory where no culture exists except the filthy thing West wants and everyone thinks and acts the same way). That may work in places where there was no culture or civilization to begin with like EU or US itself, but when they move eastward and start facing ancient civilizations like Iran, China or even Egypt they stop right there.
The part about interdependence is another matter and it will happen naturally and it can happen in a multi-polar world were multiple "power blocs" exist and deal with each other. Using English to communicate doesn't change that.
Globalism has many or several dimensions, including economic globalism, military globalism, environmental globalism and what is currently on the rise is socio-cultural globalism with the ease of communication via the internet. How can globalism disappear / dead if globalization is visible? how to explain the interconnections in the modern world and the underlying patterns? Globalism does not always show universality and the dynamic changes of globalization do not show equality or homogeneity. So it actually makes the differences even more apparent.
The movement of goods, services, labor and capital over long distances and the information and perceptions that accompany market exchanges are matters related to economic globalism. Low-wage production in Asia for the United States and European markets is a form of economic globalization. As long as there is capitalism and liberal democracy, globalization will not die.
I think multiple power blocs are a utopia. Learning from history, the United States' victory is "winner takes all." America is currently the leader, and leaders are always the first to profit and benefit.