ABSTRACT
The internationalisation of trade has raised the question of how such trade can be conducted in the most efficient manner. There is no debate that the beginning of the twentieth century has seen some significant law reforms in the area of international trade law. The attacks on the domestically dominated system of contract law, which did not distinguish between municipal contracts and international contracts, have been fought and won by the internationalists. It is now clear that:
. . . the nineteenth century rules the liberals have been attacking form a complex intellectual system whose vitality even in the last quarter of the twentieth century is as much or more the product of its ideological power as of the direct material dominance of particular economic or political interests.1
