Papers by Dr. Vincent L Mughwai
Academic Journal of Economic Studies, 2020
The objective of this paper is to analyze the application of game theory in international trade. ... more The objective of this paper is to analyze the application of game theory in international trade. Given the fact that countries differ with each other in terms of their production capabilities, natural resource endowments, levels of technological innovation and so forth, game theory can be used as one of the tools in resource allocation. Theoretic games models assume that players in international trade are rational actors who make rational decisions something that is contrary to the reality. Typically, actors in the international trade are comprised of self-interested individuals whose decisions are not necessarily based on rationality. This article argues that even though game theoretic models cannot sufficiently provide answers to all economic problems, its applications are essential in resolving complex issues in bargaining, resource allocation and strategic decisionmaking in international trade.
During the past fifty years, the world witnessed some of the worst human rights violations agains... more During the past fifty years, the world witnessed some of the worst human rights violations against innocent people in many countries. In some cases, crimes have been committed by repressive regimes against innocent people whereas in other instances the human right violations have been committed by dominant class against weaker groups. Although some progress has been made over the years to resolve some of the intractable conflicts, violence still remains in many areas. The question facing policymakers and religious experts involved in post-conflict mediation is whether truth-telling, repentance and amnesty help to bring long-lasting peace between warring factions.
Corruption is one of the major factors contributing to underdevelopment in Africa. Although a lot... more Corruption is one of the major factors contributing to underdevelopment in Africa. Although a lot of studies have been conducted over the years to investigate the root causes of underdevelopment in Africa, not much emphasis has been given on the extent to which corruption affects growth. Billions of dollars in foreign aid have been pumped into this region during the last five decades but not much progress has been made to improve people’s living conditions, particularly, in sub-Saharan Africa. Studies show that the standard of living measured in per capita GDP in some African countries is worse today than it was in the 1960s when these countries became independent from European colonial powers.
The Democratic Republic of Congo (DRC) has struggled with corruption for many years since gaining... more The Democratic Republic of Congo (DRC) has struggled with corruption for many years since gaining its independence from Belgium in 1960. A lot has been written about civil war, ethnic rivalry and governance issues in this third largest country in Africa. During this period, the country experienced some of the worst corrupt practices in the world as much of its natural resources such as minerals were misused for personal gain. It is in the opinion of this paper that the fight against corruption would not be successful in the DRC unless she undergoes an anti-corruption strategy that includes drastic reforms in the structure of the government. Since much of the current Congolese institutions were inherited from the European colonial masters whose goal was to exploit Congo, it is about time that Congo reforms these institutions so as to reflect the current needs of her population.
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Papers by Dr. Vincent L Mughwai