With the advent of the global economy, arbitration has become the preferred mechanism for resolving international disputes. Today international arbitrators resolve billions of dollars worth of disputes.
Franck, Susan D.
"The Role Of International Arbitrators,"
ILSA Journal of International & Comparative Law: Vol. 12
, Article 8.
Available at: http://nsuworks.nova.edu/ilsajournal/vol12/iss2/8