My recollection is that "globalization" was a buzzword in the early 1980s although there is a possibility I am not accurately assigning my memories to the right range of years.

It was often paired with another term which I cannot confidently recall, maybe "the information economy".

Although Chinese imports didn't become an important factor in the US economy till the 1990s, Deng's rise to power happened in 1978 and his famous "Southern Tour" happened in 1982. Both events committed China to a course of economic modernization, welcoming Western investment and special economic zones designed to boost exports, which the US media did not fail to notice.

Trump was the first president in the modern era to try to stem the flow of factory jobs overseas. Clinton for example was all-in on globalization.