"The State as a Regulator”

 As a result of globalization, the role of the state changed from a producer and planner to facilitation and arbitration. The state is no longer merely planning and producing but it is putting regulations facilitating the work of producers and undertakes arbitrary settlements whenever required.
Moreover government policies can no longer be implemented in isolation at the local or national level. All policies now are influenced by the increasingly constrained global economic, political and cultural factors that influence political aspects, the flow of information of economic resources, and therefore the well-being of nations.
More Resources
Chang, Ha-Joon(2003) Globalization, Economic Development, and the Role of the State (New York : Zed Books)

Thomas, Caroline and Peter Wilkin (1997) Globalization and the South (ed.) New York : St. Martin's Press