Calculating Political Risk

Calculating Political Risk PDF Author: Catherine Althaus
Publisher: Routledge
ISBN: 131797316X
Category : Business & Economics
Languages : en
Pages : 305

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Book Description
Calculating Political Risk is rich and illuminating, and much more than a political science treatise. Althaus draws on diverse literature, extensive interviews and intriguing case studies to offer interdisciplinary, practical and nuanced insight. This book provides new perspectives and more precise language for making sense of a critical dimension of politics, policy-making and public management. Evert Lindquist, Director and Professor, School of Public Administration, University of Victoria, Canada This powerful new book is the first ever examination of the hard edge of how political risk - something faced by all political actors innumerable times every day - is calculated and used in decision-making. It opens with an outline of the historical and linguistic origins of risk, the various disciplinary understandings of risk, the risk society concept, and how risk has come to be so prominent in the context of environmental disaster and terrorism. The book then defines political risk and looks at its manifestations in the public sector, from project to high-level political risk. It also looks at risk identification versus risk management and compares the concept of political risk with the private sector practice of risk management. Unique research findings from interviews with over 100 risk practitioners and politicians provide a detailed look at how political actors calculate political risk. Case study-based chapters look in-depth at neat and discrete examples: risk calculation in state development plans in Australia; political risk identification and management in the UK during the mad cow crisis; and US government risk calculation in the post-September 11 context. The final chapters draw together the experiences and lessons learned from the case studies and practitioner insights to formulate a better understanding of what political risk is and what its calculation means in political practice. The author shows how political risk calculation provides a fresh perspective on policy analysis and identifies how political risk is relevant to a broader understanding of politics and political science, as well as policy formulation and implementation on the ground.

Calculating Political Risk

Calculating Political Risk PDF Author: Catherine Althaus
Publisher: Routledge
ISBN: 131797316X
Category : Business & Economics
Languages : en
Pages : 305

Get Book Here

Book Description
Calculating Political Risk is rich and illuminating, and much more than a political science treatise. Althaus draws on diverse literature, extensive interviews and intriguing case studies to offer interdisciplinary, practical and nuanced insight. This book provides new perspectives and more precise language for making sense of a critical dimension of politics, policy-making and public management. Evert Lindquist, Director and Professor, School of Public Administration, University of Victoria, Canada This powerful new book is the first ever examination of the hard edge of how political risk - something faced by all political actors innumerable times every day - is calculated and used in decision-making. It opens with an outline of the historical and linguistic origins of risk, the various disciplinary understandings of risk, the risk society concept, and how risk has come to be so prominent in the context of environmental disaster and terrorism. The book then defines political risk and looks at its manifestations in the public sector, from project to high-level political risk. It also looks at risk identification versus risk management and compares the concept of political risk with the private sector practice of risk management. Unique research findings from interviews with over 100 risk practitioners and politicians provide a detailed look at how political actors calculate political risk. Case study-based chapters look in-depth at neat and discrete examples: risk calculation in state development plans in Australia; political risk identification and management in the UK during the mad cow crisis; and US government risk calculation in the post-September 11 context. The final chapters draw together the experiences and lessons learned from the case studies and practitioner insights to formulate a better understanding of what political risk is and what its calculation means in political practice. The author shows how political risk calculation provides a fresh perspective on policy analysis and identifies how political risk is relevant to a broader understanding of politics and political science, as well as policy formulation and implementation on the ground.

Policy Design and the Calculation of Political Risk

Policy Design and the Calculation of Political Risk PDF Author: Catherine Eileen Althaus
Publisher:
ISBN:
Category : Electronic dissertations
Languages : en
Pages :

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Book Description
Abstract: This thesis examines the concept of political risk. It explores how political actors determine whether something is politically risky and what implications this judgment holds for policy design. It establishes that calculations of political risk are a day-to-day occurrence in political life, that they uniquely and influentially structure the public policy process, and that political risk analysis is a valid and distinct conceptual framework. Surveying an extensive multidisciplinary literature, the thesis clarifies its definition of political risk and identifies a gap in the existing political science literature concerning the concept. It exposes a hiatus between the political science discipline and political practice in the recognition of political risk calculation as a central aspect of political judgment. Because the theory of political risk is underdeveloped in political science, the thesis pieces together the existing wisdom from other disciplines that might inform a definition of political risk. It then plots a set of hypotheses to assist in constructing a foundational appreciation of what political risk calculation might entail. The thesis tests the resulting hypotheses using empirical research. A survey of 111 Australian political actors is conducted in order to determine how political risk is understood and operationalised in political practice and to ascertain the consequences of political risk for decision making and policy design. Survey results are complemented by a comparative analysis of four policy issues. The case studies selected were the Citizen's Charter and Mad Cow crisis of the British Major Government and the Charter of Social and Fiscal Responsibility and Smart State policies initiated by the Queensland Beattie Government. The comparative analysis of these cases is designed to add rigour to the interview data. It also provides additional information concerning the policy design implications of political risk calculation by relating interview findings to substantive policy problems. Together, this multi-method research demonstrates that political risk provides a fresh analytical perspective on public policy. Political risk analysis describes a unique aspect of political reality and explains in new ways the decision making process underpinning policy design. Political risk analysis also defends political action against claims of irrationality and attacks that suggest that politics is based on sheer cynicism, because it shows that political risk calculation boasts a defensible logic of its own. In fact, the thesis concludes that political risk provides a conceptual tool that begins to unravel some of the 'mystery' of politics that confounds technocratic models of policy analysis. Awareness of political risk calculation re-establishes political decision making as an endeavour where investigation must proceed with an appreciation of the integrated nature of human judgment that utilises both 'rational' and 'extra-rational' capacities to confront uncertainty.

Introduction to Political Risk Analysis

Introduction to Political Risk Analysis PDF Author: William D. Coplin
Publisher:
ISBN:
Category : Business and politics
Languages : en
Pages : 118

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Book Description
This package introduces college students to the kind of analysis that multinational corporations undertake to assess risks to their business operations due to political and economic conditions. Designed to be completed in 3 weeks, the four exercises enable students to (1) identify the major sources of political risk; (2) determine what social, economic, political, and geographical background factors need to be considered in conducting a political risk analysis; (3) forecast the likelihood of a change in regime, occurrence of political turmoil, or restrictions on international business; and (4) calculate risk ratings that can be used to compare the relative risks in different countries. The methods presented are those developed by the authors for Frost and Sullivan's "World Political Risk Forecast," which uses country studies produced by experts. An annotated bibliography and sample country study on Egypt (1983) from Frost and Sullivan's service are included in the appendices, which comprise over half the document. In addition, students are provided with Prince charts (a system for making political forecasts and devising strategies), decision structure charts, a description of risk ratings for three business sectors, a summary of an 18-month forecast, and a worksheet for calculations. (LH)

Calculating Political Risk

Calculating Political Risk PDF Author: Catherine Althaus
Publisher: Routledge
ISBN: 1317973151
Category : Business & Economics
Languages : en
Pages : 239

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Book Description
Calculating Political Risk is rich and illuminating, and much more than a political science treatise. Althaus draws on diverse literature, extensive interviews and intriguing case studies to offer interdisciplinary, practical and nuanced insight. This book provides new perspectives and more precise language for making sense of a critical dimension of politics, policy-making and public management. Evert Lindquist, Director and Professor, School of Public Administration, University of Victoria, Canada This powerful new book is the first ever examination of the hard edge of how political risk - something faced by all political actors innumerable times every day - is calculated and used in decision-making. It opens with an outline of the historical and linguistic origins of risk, the various disciplinary understandings of risk, the risk society concept, and how risk has come to be so prominent in the context of environmental disaster and terrorism. The book then defines political risk and looks at its manifestations in the public sector, from project to high-level political risk. It also looks at risk identification versus risk management and compares the concept of political risk with the private sector practice of risk management. Unique research findings from interviews with over 100 risk practitioners and politicians provide a detailed look at how political actors calculate political risk. Case study-based chapters look in-depth at neat and discrete examples: risk calculation in state development plans in Australia; political risk identification and management in the UK during the mad cow crisis; and US government risk calculation in the post-September 11 context. The final chapters draw together the experiences and lessons learned from the case studies and practitioner insights to formulate a better understanding of what political risk is and what its calculation means in political practice. The author shows how political risk calculation provides a fresh perspective on policy analysis and identifies how political risk is relevant to a broader understanding of politics and political science, as well as policy formulation and implementation on the ground.

Measuring Political Risk

Measuring Political Risk PDF Author: Charlotte H. Brink
Publisher: Ashgate Publishing, Ltd.
ISBN: 9780754642299
Category : Political Science
Languages : en
Pages : 216

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Book Description
Offering a fresh, transparent approach encompassing new material, this invigorating volume measures political risk - for instance the risk that foreign investment might face in any country. It also demonstrates how progress or regress made in good governance initiatives as conditionalities to aid can be assessed. Governments can monitor their own policy environment(s), and take remedial action if necessary. The methodology allows for measurement of previously un-quantified 'soft' factors that add to the risks foreign investors might face, demonstrating why these factors are of importance to both risk assertive and risk averse investors.

The International Political Economy of Risk

The International Political Economy of Risk PDF Author: Robert Deuchars
Publisher: Ashgate Publishing, Ltd.
ISBN:
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
This captivating and enlightening study redresses the neglect of 'risk' in this field by focusing on objectivist rationalism. The volume draws on work from various disciplines, including sociology, anthropology, political economy and philosophy to explain the apparent unravelling of the rationalist quest for more reliable forms of knowledge. It is highly suitable for courses on international relations/international political economy.

Main types of political risks experienced by MNEs

Main types of political risks experienced by MNEs PDF Author: Svenja Martina Gnosa
Publisher: GRIN Verlag
ISBN: 3640962044
Category : Business & Economics
Languages : en
Pages : 18

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Book Description
Essay from the year 2011 in the subject Business economics - Offline Marketing and Online Marketing, grade: 1,3, University of St Andrews (School of Management), language: English, abstract: Identify the main types of political risk encountered by multinational corporations and discuss how these risks can be minimized. Introduction The controversy between the Kazak government and the Italian oil company ENI about the exploitation of Kashagan ́s oil fields is only one out of many cases, in which political violence acts or governmental decisions threatened foreign investments of a multinational enterprise (MNE). In April 2006, the Dacion and Jusepin oil fields, operated by ENI and the French company Total, were taken over by the Venezuelan government, because they rejected to change their business operations into joint ventures with the state-owned oil company PDVSA (Ferrari and Rolfini 2008). Stated by Kesternich and Schnitzer (2009) some recent empirical studies identified that for MNEs political risk is one of the most important factors when considering a foreign investment. Foreign investments nowadays seem to be even more risky in terms of pollution that result in natural catastrophes such as caused by BP (Heller 2011), cultural conflicts or political disturbances for which Lybia (Yang 2011) represents a recent example and an increasing social disparity (Bloch, Koepplinger and Wolfrum 2007) [...]

Managing Country Risk in an Age of Globalization

Managing Country Risk in an Age of Globalization PDF Author: Michel Henry Bouchet
Publisher: Springer
ISBN: 3319897527
Category : Business & Economics
Languages : en
Pages : 542

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Book Description
This book provides an up-to-date guide to managing Country Risk. It tackles its various and interlinked dimensions including sovereign risk, socio-political risk, and macroeconomic risk for foreign investors, creditors, and domestic residents. It shows how they are accentuated in the global economy together with new risks such as terrorism, systemic risk, environmental risk, and the rising trend of global volatility and contagion. The book also assesses the limited usefulness of traditional yardsticks of Country Risk, such as ratings and rankings, which at best reflect the market consensus without predictive value and at worst amplify risk aversion and generate crisis contamination. This book goes further than comparing a wide range of risk management methods in that it provides operational and forward-looking warning signs of Country Risk. The combination of the authors’ academic and market-based backgrounds makes the book a useful tool for scholars, analysts, and practitioners.

The Miniature Guide to Political Risk Analysis for International Business

The Miniature Guide to Political Risk Analysis for International Business PDF Author: Steven Johnston
Publisher: Steven Johnston
ISBN: 0578825740
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
Political risk is one of the most frequently discussed risks to doing business internationally. But what exactly is political risk and what are the best ways to analyze and prepare for political risks that may jeopardize your business? Based on more than two decades of evaluating political risk to companies doing business all over the world, Steven Johnston explains the fundamentals of effective political risk analysis. What are the foundational principles and approaches for modeling and how can professionals improve accuracy of forecasting political risk? What really works? Why is high quality political risk analysis important to every business operating internationally? It’s not IF your business will be impacted by political events and actions. It is WHEN and HOW? However, effective political risk analysis isn’t limited to the domain of business resiliency and protecting downside risk. It is also a significant competitive advantage when a business can more accurately see just a little farther into the future than competitors and be ready to make earlier moves to avoid problems or take advantage of opportunities. The book spotlights top shelf thinkers about political risk and provides state-of-the-art ways to operationalize their valuable contributions into the business process. In addition to commenting on the current state of the field of political risk analysis, Johnston makes recommendations for improving the domain of political risk analysis. This book should be essential reading for any business professionals investing across borders and especially doing business in emerging economies.

Measuring Political Risk

Measuring Political Risk PDF Author: Charlotte H. Brink
Publisher: Routledge
ISBN: 1351918974
Category : Political Science
Languages : en
Pages : 218

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Book Description
Offering a fresh, transparent approach encompassing new material, this invigorating volume measures political risk - for instance the risk that foreign investment might face in any country. It also demonstrates how progress or regress made in good governance initiatives as conditionalities to aid can be assessed. Governments can monitor their own policy environment(s), and take remedial action if necessary. The methodology allows for measurement of previously un-quantified 'soft' factors that add to the risks foreign investors might face, demonstrating why these factors are of importance to both risk assertive and risk averse investors. Features include: - 103 contextualized, measurable risk factors and their 411 risk factor indicators. - Guidelines to using these factors in order to perform generic macro analyses, or micro, client/project/industry-specific analyses. - Explanation of the methodology with which to comprehensively measure the probability of risk occurring in any macro or micro investment climate.