It is apparent that the world economy is being driven by global trade among different nations. As a matter of fact, powerful economies like United States of America and China have ventured into mercantilism and subsequently emerged as market leaders. Pointless to say, wealth obtained has reinforced the latter to establish powerful trading networks. During the enchantment of industrial revolution, the two superpowers were able to secure enormous wealth. This has played momentous role in establishing prominent commercial links. However, the two states have not made it by themselves since they have collaborated with other countries in creating favorable trading environment. Nevertheless, both bilateral and multilateral trade has impacted various nations both positively and negatively bearing in mind that some have emerged to be economically powerful at the expense of others. In the short run some countries may be negatively affected by trade, why? There is no single trade pact that may equally benefit both trading partners. Actually, some countries have been susceptible to scum due to several factors. However, the crumple has been spectacular bearing in mind that several countries have tried to protect their economy. The most significant reason for the decline in trade is due to fall of commodity prices and low volume. Currently, in the world market, the fall of market prices has been terrifying. This has triggered the developing countries to concentrate on local consumer goods leaving little room for export. It is evident that international banks have contributed to the fall of trade among various countries (Stiglitz par. 5). It is evident that, international banking systems have lessened the supply of trade credit hence affecting industrial outputs of the highly dependent countries. Nonetheless, interests of potent nations like China and USA have shaped the configuration of the world trade. In this case, globalization, free trade and current form of open market have been a huge gust to the scrawny states. Narrow political discourse in the international trade affairs has left the grievances of less powerful states unaddressed. They continue lagging behind hence performing scantily in trade activities. Nevertheless, even the wealthiest countries like China and USA have currently experienced a remarkable bubble in their financial institutions. Though they had previously emerged as prominent competitors in the international trade, they have resorted to far-reaching bail-out even to their counterparts. It is worth to note that, as the incumbents tried to salvage their institutions they were forced to undermine the developing countries. This was achieved by privatizing their takings as they socialized on the market price of the trade merchandise. In the long run do countries participating in free trade better off or worse off? It appears that countries participating in free trade may not necessarily enjoy the full benefits of such trade deals since they are prone to risks such as trade disputes. The World Trade Organization (WTO) has for a long time supported the existence of free trade by establishing policies that have made it controversial for several countries who feel they have been underprivileged (Chmielewsk par. 3 ) . Several st