Personally, I don't think this " One World Order" has helped us here in the US...I don't think it is helping Europe and the EU nations...Seems to me the world did much better when it was decentralized and peacefully trading with one another. I think the same can be said about the States of the US...Did we not do much better with much less Federal centralization ?
(This is Not Political...non partisan problem here )
I guess it depends on who "we" is. If "we" was livin' in the big house, then yes, "we" were doing better.
The debate about state and federal spheres goes back to well before the Civil War, which was some sort of turning point in history. From a northerner's point of view, the Civil War was fought because The South would not peacefully relinquish an economic foundation made possible only by slavery. The South wished to assert state's rights to continue a morally reprehensible way of life.
Following the Reconstruction period, The South implemented a system of brutal apartheid which persisted until at least the 1960's, 50 years ago. One generation is all that separates us from that history.
Year after year the US Supreme Court strikes down state laws as unconstitutional. Most of those laws are direct assaults on individual freedoms. I wouldn't be expecting miracles for state's rights. History has shown that states don't perform very well in that area. How are states to be able to pursue economic issues when they shoot themselves in the foot on social issues every chance they get?
The dismantling of strong labor unions, The South was instrumental in this, y'all have a genetic dislike for the word "union"

, removed one of the few powerful counterbalances to operating on corporate autopilot which amounts to: if it makes money it's good. Note that I'm not saying corporations are inherently evil. They are going about their tasks as expected, but without much in the way of checks and balances relating to the outcomes beyond profitability.
I'm not against profits, I too own a wee slice of corporate America. But there needs to be a balance between the needs of people and profit. I'm not a fan of manufactured poverty; it's morally wrong, and not sustainable in any case.