How does globalization affect macroeconomic policymaking

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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?

Reference no: EM132736986

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