Some scholars argue that increasing trade and capital mobility have important homogenizing effects on the national policies of countries. Others argue that governments maintain considerable...

Some scholars argue that increasing trade and capital mobility have important homogenizing effects on the national policies of countries. Others argue that governments maintain considerable flexibility in setting domestic economic policies, even in the face of increased economic interdependence.Critically assess these arguments and the evidence for such constraining effects on national policymaking (Hint: Make sure you differentiate between low-income countries, emerging countries, and developed countries)