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.
The IMF was established in 1945. The World Trade Organization (WTO) is an international organization of 161 members that deals with the rules of trade between nations. With Russiaâs accession in August 2012, the WTO encompasses all major trading economies.