Multilateral Trading System And The U.s. Hegemonic Powers

The United States established and developed the multilateral trade regime after the World War Two. During the development of multilateral trade regime, the hegemonic power of United States was strengthened on security, wealth, rules and value. On security, multilateral trade regime prevented the beggar-thy-neighbor tariff war and played a important role in the U.S. cold war strategy; on wealth, trade liberalization offer broaden international market for U.S. products and stimulate the economic growth of U.S. and its allies; on rules, the United States shape the multilateral trade rules base on the internal rules, dominate the agenda setting and put the topics that U.S. concerned into the multilateral trade negotiations, strengthened the dispute settlement body (DSB) to regulate the international trade conflicts; on value, through the development of multilateral trade regime, economic liberalism was accepted by contracting parties and accelerated their ideas change and institutional transition internal, formulate the foundation of open society.The United States hegemonic power and leadership was strengthened through the development of multilateral trade regime. Therefore the U.S. won't stop pushing the multilateral trade liberalism until the American hegemony declines genuinely.