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Final answer:
Arbitration and litigation are governed by similar international rules, with the ICJ resolving disputes between states.
Explanation:
Arbitration and litigation are both governed by international rules that provide for similar enforcement mechanisms globally. Arbitration involves a third party making a binding decision based on the offers presented by the conflicting parties, while litigation involves the dispute being resolved by a court. The International Court of Justice (ICJ) handles disputes between states, showing how international law is applied.
Learn more about International dispute resolution mechanisms here:
https://brainly.com/question/37802375
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