POLITICAL RISK : FACING THE THREAT OF GLOBAL INSECURITY IN THE TWENTY-FIRST CENTURY

In the past, the chief concern used to be whether a foreign dictator would nationalise the country's oil industry. Today, political risk stems from a widening array of agents, from Twitter users and terrorists to hackers and insurgents. What's more, the very institutions and laws that are supposed to reduce uncertainty and risk often increase it instead. This means that in today's globalised world there are no safe' bets. Political risk affects companies and organisations of all sizes, operating everywhere from London to Lahore, even if they don't know it.