I really can't say. Germany, Singapore, Netherlands, Switzerland and Sweden seem to be mostly doing #2 (especially Singapore) with a good dose of # 1 thrown in especially in Northern Europe. A third possibility is protectionism, relatively slow economic growth and a pullback from military and economic engagement around the world.
I believe these things tend to be path dependent, what happens is not really foreseeable. But one thing I cannot envision is US citizens getting up and going to work for Indonesian workers' wages.
Whatever goverment that tried to let that come about might as well give up immediately- why wait until the next elections?
We could go the route of Latin America, with some very wealthy people living behind razorwire, and only clueless tourists venturing into poorer sections- but that model seems to be very much under stress even down there. (Venezuela, Bolivia come immediately to mind.)
Minority respecting Democracy is hard to maintain with extreme poverty among large goups of voters. Eventually voters say, I have 2 possible ways to make ends meet- work, and voting for confiscation. When work no longer suffices, confiscation is not far off, no matter what we may say about the rule of law and property rights. One man, one vote rules-save of course the plutocrats who finance our politicians.
Our system is becoming more and more simlilar to SE Asia, especially Indonesia and Phillipines. Some very wealthy industrialists/ businessmen who are mostly ethnic Chinese own most everything, except what they pass to whatever general or puppet is governing. In our case the plutocrats are ethnically more diverse, but the system is the same.
I have no idea what will happen, but it is very hard for me to envision either muddling along for decades more, or a return to what was US style democratic capitalism up until the 1980s.
It may turn out that the infatuation with market forces may turn out to have been a oddity of the last 25-30 years, and will be repudiated. In their passions, not many people are moved by considerations of efficiency.
Ha