Management of Risks on a Global Scale
In recent years, many companies have been enticed by the promises of a substantial return on investment that comes with successful growth into international markets. While these benefits are undeniably compelling, such expansions also bring with them a slew of hazards from a variety of sources, not the least of which is the evolving political climate presently playing out on the world stage. Though many firms have experienced excellent success from such initiatives, many have had to confront significant difficulties and loss as a result of unpredictable political conditions in their target regions. Recent research aimed at assessing political risk factors and their severity on a worldwide basis have revealed that these risks have increased in over twenty nations in the previous year. While unanticipated changes in legislation, new limitations, and contract breaches were identified as the three major dangers to corporate governance, many additional variables have been identi...