0 a situation in which several different countries or organizations work together to achieve something or deal with a problem: --
The report's conclusion stresses the importance of multilateralism.
The breakdown of multilateralism contains within it the danger of sectoral trade conflicts and the revival of regional trade strongholds.
The discussion on regionalism and multilateralism, as important as it is, must be postponed until then.
The issue is not between a free and anarchic multilateralism on the one hand, and a wise planning of trading areas on the other.
This complementary role of regionalism and multilateralism is further strengthened by the role of regionalist policies in achieving power balances across countries in the negotiation process.
Interestingly, this means that multilateralism and regionalism are by no means substitutes but may be complements if growing trade is accompanied with increasing specific investments into market access.
While multilateralism argues that states are able to overcome prisoner dilemma situations by converging on international standards of regulation, comparative historical institutionalists assume ongoing diversity of regulatory frameworks.
It is a valuable contribution to discussions of the possibilities and limitations of multilateralism in the region.
Thus, multilateralism and regionalist policies evolve in tandem.
