The development of multilateral diplomacy over the past decades, its importance that the process of multilateral diplomacy withholds in solving crises and global governance, this paper will try to evaluate the current trend of processes and critically evaluate is there hope and realistic expectation that multilateral diplomacy will become a basis for global governance in the future. There are many definitions given to the multilateralism, having in account that multilateralism within the global governance is becoming increasingly complex in its form and expressions. In doing the analysis on how much there is scope of multilateral diplomacy as basis for global governance, an overview on historical facts, international organizations and elements contributing to the global governance achievement will be touched upon. Impact and historical aspects of international organisations such as United Nations, European Union and World Trade organisations in setting the first pillars of global governance will be also elaborated, with an emphasis on impact and potential that these institutions have in global governance evolution.
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