In the postcolonial era,the liberal free-trade regime based around the __________ corrected only partially for the North's superior bargaining position in North-South trade.

Question

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The World Trade Organization (WTO) is a liberal free-trade regime that attempts to promote free trade between nations. However, the North's superior bargaining position in North-South trade was only partially corrected through this regime. This is because the Northern countries have more economic power and influence in setting the rules and standards of free trade, which can disadvantage the Southern countries. So, although the WTO aims to promote fair trade, it does not fully level the playing field between the North and the South.

In the Postcolonial Era,the Liberal Free-Trade Regime Based Around the __________