Critical Analysis, Overall Assessment and Discussion

Abstract

“Globalization” is categorically with us. It has affected the world’s economies, popular cultures, languages and legal systems. Indeed, in this last regard, globalization has contributed directly to the rapid and broad growth of international arbitration. As many businesses have become inherently international, they have sought more effective and efficient means of resolving disputes without having to utilise national litigation systems that are often expensive and slow, or perhaps rife with national bias and political considerations. Often, these businesses have chosen the dispute resolution mechanisms embodied in international arbitration.