The author surveys the development of the world economy since World War II, which has moved from a structure characterized by liberalism and multilateralism to increasing regionalism and bilateralism. The article attempts to understand the reason for this change by examining the differences between the postwar period and the subsequent situation that resulted from measures adopted earlier. Also included is a reflection on Brazil's stand, particularly with respect to bilateral agreements.
International economy; Multilateralism; Regionism; Brazil; Alca