multilateralism

noun

mul·​ti·​lat·​er·​al·​ism ˌməltə̇ˈlatərəˌlizəm 

plural -s

: freedom of international trade and currency transfers so as to achieve for each country a trading balance with the total trading area but not necessarily with any one particular country

—contrasted with bilateralism

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now