mercatorism
mercatorism noun: the tendency of transnational commerce to operate outside any system of national laws, making use, instead, of a system of arbitration.
Noun
mercatorism (uncountable)
- The tendency of transnational commerce to operate outside any system of national laws, making use, instead, of a system of arbitration.
- It seems to me that if they do look for uniformity they are sadly deluded; and they are likely to be the more deluded, the more that theories of transnationalism and mercatorism take hold, and the more common it becomes for parties to choose amiable composition as a basis for resolving "their...1989, J Mustill, “Contemporary problems in international commercial arbitration: A response”, in International Business Law, volume 161
- The doctrine of substantive mercatorism relates to the elaboration of transnational principles of commercial law, to the creation of a new law merchant or lex mercatoria as an independent "third" legal system between...1996, Karl-Heinz Böckstiegel, Perspectives of Air Law, Space Law, and International Business Law for the Next Century, page 312
Origin of mercatorism
From Latin mercator (“merchant, trader”) + -ism.
Questions about mercatorism
- What does mercatorism mean?
- Mercatorism means the tendency of transnational commerce to operate outside any system of national laws, making use, instead, of a system of arbitration.
- What part of speech is mercatorism?
- Mercatorism is a noun.
Words near mercatorism in the dictionary
Source and license
Adapted from Wiktionary: mercatorism (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “mercatorism.” Word.ws, https://word.ws/mercatorism. Based on Wiktionary, CC BY-SA 4.0.