Principles of International Business
Multilateralism refers to a diplomatic approach where multiple countries work together on shared issues or goals, promoting cooperation and collective decision-making. This approach is essential in addressing global challenges, as it fosters dialogue and collaboration among nations, allowing for a more coordinated response to international problems. Institutions and agreements that facilitate multilateralism often help to create a framework for nations to interact and negotiate on various fronts, including trade, security, and environmental issues.
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