Abstract:Today we are witnessing a serious crisis that could lead to the collapse of the World Trade Organization (WTO). This crisis is the consequence of the uncooperative behavior of the triad: the United States, the European Union and East Asia. When there is a confrontation between these three most powerful regional blocs, there is inevitably a blockage and a destructive trade war similar to that of the 1930s. In these times of crisis, each country tries to save its economy by relying on the strategy of protectioni… Show more
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