Increased economic interdependencies and trade flows between states, innovations in information technology and computer networks, a global shift toward market economies and regional and multilateral trade arrangements, have all led to an increasingly globalized world economy. This book examines some of the challenges facing the regime of international commercial arbitration in the contemporary global economy. It considers the debates concerning the transformation of the global order and the role of nation states within the context of international commercial arbitration. The book seeks to analyze the inner penetration of a form of world polity or transnational order - comprised of 0 part epistemic community, institutional networks, national laws and multilateral conventions, norms, rules, principles, and transnational ideology - on the traditional notion of state sovereignty within the international arbitral regime.