Binding: Paperback
Description: As Ian Bremmer and Preston Keat reveal in this innovative book volatile political events such as the 2008 Georgia - Russia confrontation - - and their catastrophic effects on business - - happen much more frequently than investors imagine. On the curve that charts both the frequency of these events and the power of their impact the "tail" of extreme political instability is not reassuringly thin but dangerously fat. Featuring a new Foreword that accounts for the cataclysmic effects of the 2008 financial crisis The Fat Tail is the first book to both identify the wide range of political risks that global firms face and show investors how to effectively manage them. Written by two of the world's leading figures in political risk management it reveals that while the world remains exceedingly risky for businesses it is by no means incomprehensible. Political risk is unpredictable but it is easier to analyze and manage than most people think. Applying the lessons of world history Bremmer and Keat survey a vast range of contemporary risky situations from stable markets like the United States or Japan where politically driven regulation can still dramatically effect business to more precarious places like Iran China Russia Turkey Mexico and Nigeria where private property is less secure and energy politics sparks constant volatility. The book sheds light on a wide array of political risks - - risks that stem from great power rivalries terrorist groups government takeover of private property weak leaders and internal strife and even the "black swans" that defy prediction. But more importantly the authors provide a wealth of unique methods tools and concepts to help corporations money managers and policy makers understand political risk showing when and how political risk analysis works - - and when it does not. " The Fat Tail delivers practical wisdom on the impact of political risk on firms of every description and valuable advice on how to use it. Ian Bremmer and Preston Keat offer innovative thinking and useful insight that will help business decision - makers find fresh answers to questions they may not yet know they have." - - Fareed Zakaria best - selling author of The Post - American World " Political risk has become increasingly complex and The Fat Tail provides a truly new way to quantitatively assess it in established and emerging markets. It is essential reading for any CEO with multinational interests." - - Randall Stephenson Chairman CEO and President AT& T Inc. " Should be essential reading for anyone involved in international business even - - perhaps especially - - in places that seem politically stable." - - Bill Emmott former editor - in - chief of The Economist
Title: The Fat Tail The Power Of Political Knowledge In An Uncertain World (With A New Foreword)
Author(s): Keat Preston (Director Of Research Director Of Research Eurasia Group)
Publisher: Oxford University Press Inc
Barcode: 9780199737277
Pages: 272 Pages, 10 Black And White Illustrations, 10 Line Drawings
Publication Date: 5/13/2010
Category: Economic Geography