Even before the recent efforts of official bodies for international cooperation, private sector initiatives have long been an important driving force behind international economic integration. Globalization implies the expansion of economic activities across politically defined national and regional boundaries through the increased movement of economic agents and resources such as firms, capital, and other economic factors. But how will globalization change national economic policy making? Primarily, preferential and discriminatory policies will become increasingly ineffective under an economic environment that is moving toward globalization. Economic agents and resources subject to unfair treatment by the government policy will move away to a more investor-friendly environment. In this way, government-led economic development strategies and policy instruments will also become less effective. It is easy to see how direct regulations to promote or protect targeted industries would eventually constitute obstacles to further economic development. Generally speaking, globalization ensures that economic policy making and implementation will be guided on principles of non-discrimination and market mechanisms.