The growth of arbitration in international business disputes can be attributed to:

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The New York Convention, also known as the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, is widely considered as the key factor behind the growth of arbitration in international business disputes. The convention provides a framework for the recognition and enforcement of arbitral awards made in other countries, making it easier for parties to enforce their awards across borders. This has increased commercial confidence in arbitration as a viable alternative to traditional litigation in resolving disputes.

The Growth of Arbitration in International Business Disputes Can Be