Tripolarization
Tripolarization: a term descriptive of the fact that much international economic activity is caused or influenced by actions originating in Western Europe, East Asia or North America. Every now and then a breathless work appears postulating that the world is about to break up into three trading areas centered around these regions, and this almost certainly will lead to a trade war. So far, all of these predictions have been premature. See also triadization.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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