The Changing Face of Political Risk in the Energy Industry
Article from: TDM 1 (2012), in A Liber Amicorum: Thomas Wälde - Law Beyond Conventional Thought
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. ...