Its ascendance represents the triumph of free markets over protectionist systems, marketers over technocrats, England over France.
The result is an increasingly fragmented world, characterised by competition, protectionist measures, closed systems and a diminishing acceptance of common "rules of the game" in trade and innovation (e.g. intellectual property rules).
Besides, in the absence of a truly overhauled system, increasing protectionist pressures and trade conflicts which sooner or later will be brought to the WTO would inevitably tax the organization's institutional resources.
The system was protectionist at a local level through the nuances of the fee system.
It is therefore crucial that the world leaders at the Group of 20 meeting in London soon strengthen the multilateral trading system, firmly reject protectionist pressures and restore trade finance to normal levels.
Domestic political consequences (none of my business) aside, it's clear the U.S.' recent protectionist decisions threaten the international trading system.
The deeply patriarchal society is also governed by a pluralistic legal system, which uses a protectionist approach toward women in society, rather than the transformative approach advocated by Muslim women's rights groups like Musawah.
Trade The postwar international system was dedicated to unravelling protectionist measures introduced by countries in the 1930s.
The real threat to the world trading system is, in fact, the protectionist policies, including undervalued currencies, of other countries and the vast trade imbalances that result.
Forbes: Now in terms of stress on the global trading system, is the worst over or are protectionist pressures still lurking as they were last year?
