Government Intervention in Globalization: Regulation, Trade and Devaluation Wars

With the spread of globalization, worldwide trade links have meant that countries are much more interdependent, leading to national economies increasingly being affected by trends in the global economy. This also means that countries are more at risk from a global recession and the associated consequences of this economic downturn. National governments have the ability to shape and influence their economies, and promote or limit globalization in a way that benefits their economy and the well-being of their population. Government intervention is key in controlling the influence of globalization on a domestic level and therefore determining its influence globally.