https://www.taxtmi.com/news?id=22340 Multilateralism is in decline due to rising protectionism, dysfunction in the WTO dispute settlement system, and the proliferation of regional and bilateral trade arrangements that dilute universal gains. Bretton Woods institutions suffer from governance misalignment and inconsistent application of rules, undermining legitimacy. Recovery requires rebuilding or replacing institutions to ensure inclusive representation, balance trade efficiency with employment and poverty concerns, and prioritise future productivity drivers including biotechnology, advanced telecommunications, AI and climate cooperation. en-us Fri, 27 Dec 2019 16:59:10 +0530 Fri, 27 Dec 2019 16:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22340 Multilateralism is in decline due to rising protectionism, dysfunction in the WTO dispute settlement system, and the proliferation of regional and bilateral trade arrangements that dilute universal gains. Bretton Woods institutions suffer from governance misalignment and inconsistent application of rules, undermining legitimacy. Recovery requires rebuilding or replacing institutions to ensure inclusive representation, balance trade efficiency with employment and poverty concerns, and prioritise future productivity drivers including biotechnology, advanced telecommunications, AI and climate cooperation. News - Fri, 27 Dec 2019 16:59:10 +0530 https://www.taxtmi.com/news?id=22340