Global Economy is very top-down driven with the government making all the decisions

Today's Global Economy is very top-down driven with the government making all the decisions and regulations as it relates to doing business globally. What are some advantages and disadvantages to this approach? Is there another approach that might work better? A substantive post will do at least two of the following: Ask an interesting, thoughtful question pertaining to the topic Provide extensive additional information on the topic Explain, define, or analyze the topic in detail Share an applicable personal experience