Definition
Bilateralism is a diplomatic and economic approach emphasizing cooperation and agreements between two countries. It contrasts with multilateralism, which involves many nations. Bilateralism often results in trade deals, treaties, or alliances formed specifically between two parties. It can foster stronger relationships but can also create imbalances in global systems. Think of it as a private conversation between two people rather than a public meeting 🗣️. It's a focused approach to international relations.