Explain The Function Of Government "conducting International Economic Policy"?

In recent years, international trade and finance have become far more important to the United States than they were in the past. Government now plays a critical role representing the interests of the nation on the international stage and negotiating beneficial agreements with other countries on a wide range of issues. We can group the international issues of economic policy into four main areas:
1. Reducing trade barriers is an important part of economic policy which involves harmonizing laws and reducing trade barriers so as to encourage fruitful international specialization and division of labor. In recent years nations have negotiated a series of trade agreements to lower tariffs and other trade barriers on agricultural products, manufactured goods and services.
2. Rich nations have numerous programs designed to improve the lot of the poor in other countries. These involve direct foreign aid, disaster and technical assistance, and the establishment of institutions like World Bank.
3. Nations have found that their increased economic interdependence means that macroeconomic policies must be coordinated to combat inflation and unemployment.
4. The most recent facet of international economic policy is to work with other nations to protect the global environment in cases where several countries contribute to or are affected by spillovers.

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