The broad example provided by Greece of the fifth century B.C. helps t
o explain the value of resolving disputes between nations by mediation
and arbitration, according to the authors. Expanding Hellenic commerc
ial influence led to the use of arbitration for commercial disputes an
d to disputes over territorial boundaries, land use, and treaties. Yet
, this inclination to resolve disagreements through the application of
principles of judicial equality and reciprocity was sorely tested by
the conflicting interests of adversarial city-states riddled with mutu
al suspicion and animosity. This failure on the part of Greece to dupl
icate its domestic arbitral success in the realm of intercity-state re
lations led to its ultimate demise at the hands of the emerging Macedo
nian empire of Philip and Alexander the Great. Twenty-five centuries l
ater, the Athenian experience remains instructive, say the authors. Fo
r perceived concerns about sovereignty and other reasons, we are still
reluctant to institutionalize the arbitral resolution of disputes bet
ween nations on an automatic and continuing basis. ''Failure at this j
uncture to take meaningful steps to address this problem ... could hav
e future global repercussions,'' they warn.