We've got 344 shorthands for bi-lateral »
Acronyms that contain the term bi-lateral
What does bi-lateral mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: bi-lateral.
Term | Definition | Rating |
---|---|---|
ALS | Amyotrophic Lateral Sclerosis | |
LAT | Lateral | |
LL | Left Lateral | |
MDB | Multi-lateral Development Bank | |
LHA | Lateral Hypothalamic Area | |
PLS | Primary Lateral Sclerosis | |
CLR | Center of Lateral Resistance | |
LR | Lateral Release | |
ALSA | Amyotrophic Lateral Sclerosis Association | |
RALPH | Rapidly Adapting Lateral Position Handler | |
LC | Lateral Confinement | |
LD | Lateral Deflection | |
AILS | Airborne Information For Lateral Spacing | |
PALS | People with Amyotrophic Lateral Sclerosis | |
ALLN | Anterior Lateral Line Nerve | |
LTQ | Lateral Thinking Question | |
LLB | Left Lateral Bending | |
LLF | Left Lateral Flexion | |
RLB | Right Lateral Bending | |
RLF | Right lateral flexion | |
MLF | Multi-Lateral Fund | |
MLF | Multi-Lateral Fund | |
ALMI | Anterior Lateral Myocardial Infarction | |
LS | Lateral Shield | |
BIT | Bi-lateral Investment Treaty |
What does bi-lateral mean?
- bi-lateral
- Bilateralism is the conduct of political, economic, or cultural relations between two sovereign states. It is in contrast to unilateralism or multilateralism, which is activity by a single state or jointly by multiple states, respectively. When states recognize one another as sovereign states and agree to diplomatic relations, they create a bilateral relationship. States with bilateral ties will exchange diplomatic agents such as ambassadors to facilitate dialogues and cooperations. Economic agreements, such as free trade agreements (FTA) or foreign direct investment (FDI), signed by two states, are a common example of bilateralism. Since most economic agreements are signed according to the specific characteristics of the contracting countries to give preferential treatment to each other, not a generalized principle but a situational differentiation is needed. Thus through bilateralism, states can obtain more tailored agreements and obligations that only apply to particular contracting states. However, the states will face a trade-off because it is more wasteful in transaction costs than the multilateral strategy. In a bilateral strategy, a new contract has to be negotiated for each participant. So it tends to be preferred when transaction costs are low and the member surplus, which corresponds to “producer surplus” in economic terms, is high. Moreover, this will be effective if an influential state wants control over small states from a liberalism perspective, because building a series of bilateral arrangements with small states can increase a state's influence.
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"bi-lateral." Abbreviations.com. STANDS4 LLC, 2024. Web. 11 Jun 2024. <https://www.abbreviations.com/bi-lateral>.
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