universalism. 1  universal character; universality. 2  a universal range of knowledge, interests, or activities. ( 3 initial capital letter) the doctrine that emphasizes the universal fatherhood of God and the final salvation of all souls. Compare apocatastasis (def 2).
The World Trade Organization, an institution that arbitrates trade disputes. Strategic Trade Policies Policies designed to get more of the benefits from trade in a country than would exist under free trade.
World Trade Organization. An international agency which encourages trade between member nations, administers global trade agreements and resolves disputes when they arise. The wto was really cool and me and my friend studied it for a long time, because we were very interested in it.