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Multilateralism Is Still Better

Multilateral rules based on the principle of free trade still represent the best approach to managing international flows of most commodities and achieving broadly shared prosperity. New wars and geopolitical ruptures do not change that fact; if anything, they confirm it.

WASHINGTON, DC – The great statesmanship and leadership that the United States showed during and after World War II is well known. America was the world’s preeminent political, economic, and military power, and instead of using its position to penalize the losers and demand reparations, it helped plan and found multilateral global-governance institutions that would give all countries a seat at the table.