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Multilateral |
Regional |
Intergovernmental |
Bilateral |
Unilateral |
| Many countries from various regions working in concert on a specific issue or issues. | Selected group of regional countries working in concert on a specific issue or issues. | Selected group of like-minded countries working in concert on a specific issue or issues. | Two counties working in concert on a common issue or issues. | A single country trying to make one-sided decisions without consulting or involving the other stakeholders. |
| All the respective players have a say. [Even small and weak players get to participate in decision making] [E.g. WTO Doha Round of Negotiations 2008 were a failure because of India] | Regional groups constitute a unique set of players working towards a common cause.
Powerful countries steer the decision making process. Weak countries simply fall in line or exit. [U.S.A steers the decision making in TPP. Vietnam simply falls in line] |
Intergovernmental groups constitute a unique set of players working towards a common cause. [They are mostly like-minded] | Both the players have equal rights. | One-sided action. Such action may be in disregard for other parties (stakeholders). |
| Decisions are made mostly by majority vote. | Decisions are made mostly by consensus. | Decisions are made by consensus. | Decisions are made by consensus. | Decisions are one sided |
| WTO, UN etc. | TPP, RCEP, Bricks Bank, AIIB etc. | Warsaw Pact, NATO etc. | Indo-Pak, Indo-China etc. | UK [Colonialism]
U.S.A [Neo-imperialism] China: South China Sea dispute [Neo-imperialism]. |
| E.g. WTO working towards a globalized world economy. | E.g. TPP working towards a trade block involving Pacific Rim Countries. | E.g. All NATO countries have a common security threat – Russia. | E.g. Indo-Pak Ceasefire Agreement. | E.g. 1) U.S.A waging oil wars in Middle East. 2) China building artificial islands in the disputed South China Sea region amidst opposition from the rest of the world. |
| Multilateralism encourages members
to bury differences for greater good. |
Kills multilateralism.
Power blocks strive for undue advantage. |
Everything depends on the objectives of the group. | Positive outcome = good for both, negative outcome = bad for both. | High levels of damage for the countries on the receiving end.
[E.g. 1) Pre-Independent India in the hands of UK. 2) Afghanistan, Iraq etc. in the hands of USA. 3) South East Asian countries in the hands of China] |

| Bipolar world | Unipolar world | Multipolar world |
| Distribution of power in which two states have the majority of economic, military, and cultural influence internationally or regionally. | Distribution of power in which one state exercises most of the cultural, economic, and military influence. | Distribution of power in which more than two nation-states have nearly equal amounts of military, cultural, and economic influence. |
| The United States and the Soviet Union during the Cold War era (1947-1990). | The post-Cold War international system is unipolar with the United States being the sole power center of unmatched capabilities.
|
Growth of China and India, weakening Russia and reduced American hegemony are all signs of the path to a new multipolar world. [Multipolarity is not yet achieved. The world at present is in a transition phase where power is shifting from west to east. (The balance of power is shifting from west to east)] |
| Two distinct spheres of influence. [Western and capitalist states would fall under the influence of the USA. Communist states would fall under the influence of the USSR.] | Only one distinct sphere of influence. Others are negligible or overshadowed by the most powerful one. | More than two spheres of influence. [spheres of influence are not as rigid as in the case of unipolar and bipolar world]
Other strategic agreements
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| Advantages:
Not really
|
Advantages:
[Hegemonic stability theory]
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Advantages:
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Disadvantages:
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Disadvantages:
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Disadvantages:
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Reference: http://goo.gl/68qQXW
Feel free to add more points in comments.