Abstract
From the League of Nations in the aftermath of World War I to the formation of the United Nations and several other multilateral frameworks in the post-World War II period, these forums introduced new dawn for global governance and ensuring cooperation among nations. International cooperation flourished as states employed multilateral architectures to meet the rising global problems. One of the key achievements of these multilateral forums has been the globalisation and development of international economic cooperation. However, more recently, the changing power dynamics at the regional and global levels have impacted the functioning of multilateral institutions
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