THE RISKS OF CURRENT POLITICAL RISK MANAGEMENT

TitleTHE RISKS OF CURRENT POLITICAL RISK MANAGEMENT
Publication TypeJournal Article
Year of Publication2014
AuthorsBussotti, L
JournalProblems of Management in the 21st Century
Volume9
Issue3
Start Page170-172
PaginationContinuous
Date PublishedDecember/2014
Type of ArticleEditorial
ISSN2029-6932
Other NumbersICID: 1134979
KeywordsDeveloping Countries, political risk, political risk assessment, strategic choice
Abstract

Political risk is a concept traditionally related, on the one hand, to the rational calculation of risk in economic activities and, on the other, to a particular historical moment in which it has taken on the characteristics of an autonomous research field. Risk calculation and the management of lucrative activities have illustrious precedents. At the beginning of the 20th century, Max Weber pointed out the necessity to forecast all the possible risks that come from non-economic factors (such as bureaucracy, uncertainty of law and administrative procedures, and so on) before carrying out an economic investment leading to profit (Weber, 1968). However, the actual starting point of a science, related to the management of political risk, dates back to the 1960s (Sottilotta, 2013). The historical context in which this shift occurred can be found in the Cold War and the decolonization era.

URLhttp://oaji.net/articles/2014/450-1420576681.pdf
DOI10.33225/pmc/14.09.170
Refereed DesignationRefereed
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