I just wanna express myself in a positive way ;)
After the so called World War II, there is a friction of mean about state’s role in stakeholder, tariff, and monetary. In this area, the power of state not as influence as when the merchantilist was conquering the idea of economic life. There is an effort to balance the influence power between state and market so does international economic institution and state. For example, in protectionism policy, state is expected not to do protection in international free trade. With the arrangement of Bretton Wood, its effort of super powers to “push” state with the creation of GATT, World Bank, and IBRD (International Bank for Reconstruction and Development). These all phenomenon named as the era of embedded liberalism, when idea of liberalism implemented to many states with the emerge of those institution.
Then emerge a question, how if state still do regulation, but not become an obstacle for the liberalism, state (third emerge countries) should still become the actor in conduct the economic policy with involve it in the arrangement,