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multilateralism

From Longman Business Dictionary
Related topics: Economics
multilateralismmul‧ti‧lat‧e‧ral‧is‧m /ˌmʌltɪˈlætərəlɪzəm/ noun [uncountable] ECONOMICS when there is complete freedom of trade and exchange between countriesBy 1947, multilateralism within Europe had collapsed.
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