Definitions for bi-lateral
bi-lat·er·al

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1. 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.

How to pronounce bi-lateral?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say bi-lateral in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of bi-lateral in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of bi-lateral in Pythagorean Numerology is: 8

Examples of bi-lateral in a Sentence

1. Nick Hague:

   When the parachute opens, it's five to six Gs of lateral side to side of swinging back and forth, before the chutes open, we're trying to collect loose items in capsule so they don't become projectiles.

2. Angelo Meda:

   I would expect a lateral, flat market from now through the summer with some rotation, cyclicals have been the best year to date so I would expect some recovery from the staples.

3. Mimi Lamantia:

   Even [with] just five weeks of Argentine tango we were able to decrease that medial and lateral sway by 56 percent.

4. HWR:

   An "OGEE" could be used in a variety of settings. "OMG, the ogee is fabulous for our new molding." Or, "Honey, which do you prefer: the lateral ogee or the supported ogee?

5. New Zealand-based volcanologist Shane Cronin:

   The large and explosive lateral spread of the eruption suggests that it was probably the biggest one since about the 1991 eruption of Mount Pinatubo in the Philippines.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Bi-Lateral