From New York Times bestselling author and former US Secretary of State Condoleezza Rice and Stanford University Professor Amy Zegart comes an examination of the rapidly evolving state of political risk and how to navigate it.
Political risk—the probability that a political action could significantly affect a company’s business—is changing fast, and it’s affecting more businesses in more ways than ever before. A generation ago, political risk mostly involved a handful of industries in a few frontier markets. The chief concern used to be whether a foreign dictator would nationalize the country’s oil industry or impose onerous new regulations. Today, political risk stems from a widening array of actors, including Twitter users, local officials, and transnational activists, terrorists, hackers, and insurgents. What’s more, the very institutions and laws that are supposed to reduce business uncertainty and risk are often increasing uncertainty and risk instead, from outdated American laws designed to protect information networks to the unclear reach of European Union regulations into sovereign member states. In today’s globalized world, there are no “safe” bets.
Political Risk investigates and analyzes the changing landscape, what businesses can do to navigate it, and what all of us can learn about how to better understand and deal with these rapidly changing global political dynamics.
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