Introduction

The past year has proved to be one of the most politically charged years in recent history. Global events have repeatedly threatened to impact multinational business operation - presidential elections in the US, the global financial crisis, the rise and fall of oil prices, etc. According to a global survey of 602 executives carried out by Economist Intelligence Unit (EIU), 1 political risk is now perceived to be greater than economic risk, and this asymmetry is a significant shift in the analysis of political risk. The world has become a global and highly interconnected market place. ...