DAVOS 2024 WORLD ECONOMICAL FORUM SPECIAL

DAVOS 2024 WORLD ECONOMICAL FORUM SPECIAL - Multilateralism Who Will Control It - DAVOS 2024 WORLD ECONOMICAL FORUM. Multilateralism Who Will Control It - Multilateralism, in the form of membership in international institutions, serves to bind powerful nations, discourage unilateralism, and gives small powers a voice and influence that they could not otherwise exercise. For a small power to influence a great power, the Lilliputian strategy of small countries banding together to collectively bind a larger one can be effective. Similarly, multilateralism may allow one great power to influence another great power. For a great power to seek control through bilateral ties could be costly; it may require bargaining and compromise with the other great power.