Since the 1950s, world trade has grown much faster than global economic production. Meanwhile, China has surpassed … Partnership, have attained dominance in the world trading system in recent years. Some of the well-known weaknesses of regionalism … world trading system require a strengthening of the WTO’s multilateral system. But the current bilateral and regional trade …

ratio after World War II. A mix of conventional budget consolidation and rapid growth was the main driver in this relative …