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Political risk – the probability that a political action could significantly affect an organisation – is changing fast, and it’s more widespread than ever before.
In the past, the chief concern used to be whether a foreign dictator would nationalise the country’s oil industry or impose onerous new regulations. Today, political risk stems from a widening array of political agents, from Twitter users and terrorists to local officials, transnational activists, hackers and insurgents. What’s more, the very institutions and laws that are supposed to reduce uncertainty and risk often increase it instead. This means that in today’s globalised world there are no ‘safe’ bets. Political risk affects companies and organisations of all sizes, operating everywhere from London to Lahore, even if they don’t know it.
Political Risk investigates and analyses this shifting landscape, suggests what businesses can do to navigate it, and explains how all of us can better understand and deal with these rapidly changing geopolitical dynamics.
In the past, the chief concern used to be whether a foreign dictator would nationalise the country’s oil industry or impose onerous new regulations. Today, political risk stems from a widening array of political agents, from Twitter users and terrorists to local officials, transnational activists, hackers and insurgents. What’s more, the very institutions and laws that are supposed to reduce uncertainty and risk often increase it instead. This means that in today’s globalised world there are no ‘safe’ bets. Political risk affects companies and organisations of all sizes, operating everywhere from London to Lahore, even if they don’t know it.
Political Risk investigates and analyses this shifting landscape, suggests what businesses can do to navigate it, and explains how all of us can better understand and deal with these rapidly changing geopolitical dynamics.
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Reviews
'Clearly written and timely, this book will interest not only current and future business executives but also would-be-whistle-blowers and corporate watchdogs'
'Rice and Zegart's Political Risk should be read by every business leader. Well-written and chock-full of compelling case stories wrapped inside a coherent conceptual framework, Political Risk gets and keeps your attention, page after page. We cannot predict the future, but - with the help of this marvellous masterwork - we can prepare for it'
'This book is truly excellent, both for tracing how far the political risk field has come in the last two decades, and how much further it has left to go'
'Smart. Informative. Overdue. Will completely change the way you think about political risk'
'Secretary Rice and Dr Zegart have melded their professional experiences of managing political risk at the highest levels with other case studies into a uniquely useful and profound book'