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How does globalization affect macroeconomic policymaking?

How does globalization affect macroeconomic policymaking?

Position Paper
Overview
Public administration is an essential link between citizens and  governments. With the rapid pace of globalization, the public sector is  under even greater pressure to increase its capacity to deal with the  new challenges and opportunities that globalization presents. The  relationship between globalization and governance is multidimensional.  States or countries with high levels of integration with the rest of the  world tend to have better governance outcomes on the whole. Of course,  the quality of governance can be directly related to the social and  economic integration between states. The gross domestic product (GDP)  per capita, religion, natural resources, fractionalization, and  government size largely decide the outcomes.
Like globalization, governance can be conceived broadly or narrowly. How does globalization affect macroeconomic policymaking?
Instructions
In this assignment, you are expected to select one country and do the following:

Discuss a significant issue or challenge arising from globalization that has taken place in the last 3“5 years.
Critically evaluate the current policy or policies for the issue or challenge.
Consider possible alternatives.
Advocate a particular policy choice and provide a rationale.

Write a 1“2 page paper in which you do the following:

Provide an introduction and context for the issue or challenge.
Summarize what the existing literature says about the selected  issue or challenge and the selected countrys policies impacting the  issue.
Suggest two policy options that the selected countrys government could follow in order to resolve the issue or challenge.
Recommend one policy action based on your analysis of a set of alternatives. Provide a rationale for your recommendation.
Provide at least three reliable, relevant, peer-reviewed  references (no more than one used previously), published within the last  five years that support the papers claims.

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