The weakening of multilateralism’s institutional framework has been exacerbated by the global economy’s great change, which followed the shift of the manufacturing hub from the Atlantic to the Pacific, the emergence of global production chains and of new digital technologies.
Despite the economic and financial crises in the 1970s and 1980s, the UN-centered multilateral system remains in operation even though there have been constant attempts to reform the system. However, from the 1990s onwards, the system began to enter a process of structural weakening, with difficulties in concluding global WTO negotiations as an evident example of its dysfunctionality.
Economic and technological processes are gradually marginalizing the system and undermining its collective acceptance as an instrument of governance. “If global negotiations do not materialize, alternative arrangements for regulating trade disputes proliferate at the bilateral, regional and interregional levels. New regional pacts gain political space”, highlights Anna Jaguaribe.
Only available in Portuguese.
The weakening of multilateralism’s institutional framework has been exacerbated by the global economy’s great change, which followed the shift of the manufacturing hub from the Atlantic to the Pacific, the emergence of global production chains and of new digital technologies.
Despite the economic and financial crises in the 1970s and 1980s, the UN-centered multilateral system remains in operation even though there have been constant attempts to reform the system. However, from the 1990s onwards, the system began to enter a process of structural weakening, with difficulties in concluding global WTO negotiations as an evident example of its dysfunctionality.
Economic and technological processes are gradually marginalizing the system and undermining its collective acceptance as an instrument of governance. “If global negotiations do not materialize, alternative arrangements for regulating trade disputes proliferate at the bilateral, regional and interregional levels. New regional pacts gain political space”, highlights Anna Jaguaribe.
Only available in Portuguese.
