This chapter explores the contemporary importance of the embedded liberalism compromise in a diversified world and its significance as a modern touchstone for recalibrating the balance between trade and non-trade interests. It explains how and why Embedded Liberalism has fallen out of favour as an animating value of the contemporary international system, exploring shifting conceptions of liberalism, changing ideas about the role of a trade organization, and changing dynamics caused by the greatly increased number of actors in the international economic system. The chapter then examines the benefits that could flow from reinvoking the values of the Compromise, and the challenges to doing so in the contemporary environment.