Predicting Trade Conflict Outcomes using a Third-Party Intervention Model
Journal Title: International Journal of Modern Research In Engineering & Management. - Year 2018, Vol 1, Issue 11
Abstract
As anti-import sentiment and protectionism have been increasing, more papers have focused on using theories to explain or resolve them. However, most research has focused on disputes involving larger nations such that there is not much relatable information for disputes such as the one between South Africa and Zimbabwe. The aim of this paper was to bridge the knowledge gap by using the graph model for conflict resolution and the decision support software GMCRII to simulate possible responses to this regional trade conflict. This thirdparty intervention model will assist in investigating and prescribing a diplomatic solution with fair compromise to resolve the unequal trade problem between Zimbabwe and South Africa without harming the economies of both the countries. This research found that a peaceful resolution of the disagreement could be found by the addition of a third-party to help in the conflict resolution thereby ending the prolonged trade conflict. This undertaking will serve as a template for modelling and predicting an outcome in the event of third-party intervention for future trade disputes involving regional trade partners with emerging or developing economies such as those that exist in Africa
Authors and Affiliations
Rejoice Nyatsanza
Keywords
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