This argument has been debunked by history. Famously, Norman Angell published a book shortly after the turn of the century entitled ‘The Great Illusion’. Angell argued that Germany and Britain were so deeply economically interdependent that war between the two great nations was unthinkable.
Within a few years of the book’s publication, Britain and Germany were engaged in battle in the First World War. 
It, therefore, becomes impossible to conclude that globalization and increased bilateral trade leads to peace. The two bloodiest and most mutually destructive wars in history, the First World War and the Second World War, saw nations with strong economic ties clash on the battlefields of Europe.