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The multilateral trading system aims to facilitate free trade while addressing disputes effectively. Since World War II, trade has been crucial for global economic growth, particularly for developing nations. A rule-based system that reduces trade barriers and emphasizes non-discrimination is essential for equitable trade expansion. However, the World Trade Organization's implementation has been inconsistent, with powerful nations employing protective measures that disadvantage weaker countries, leading to disparities in market access across the global economy.
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Asymmetries in the Emerging Multilateral Trading System under the WTO: An Analysis, Jamil Ahmad
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- 2011
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