bilateralism is an international policy having as its objective the achievement of particular balances of trade between two nations by means of discriminatory tariffs, exchange, or other controls. The initiative is usually taken by the country having an' unfavorable' balance of trade. Extensive bilateralism results in a shift of international trade away from channels that would result from the principle of comparative advantage. See also multilateralism.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). bilateralism. Retrieved September 22, 2026, from http://smartdefine.org/bilateralism/definitions/1148623 |
| Chicago | Barry Goldsmith. 2010. "bilateralism" http://smartdefine.org/bilateralism/definitions/1148623 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, bilateralism, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/bilateralism/definitions/1148623>. |
| MLA | Barry Goldsmith. "bilateralism" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/bilateralism/definitions/1148623> |