The Fat Tail: The Power of Political Knowledge in an Uncertain World (with a New Preface)

Bremmer, Ian,Keat, Preston

ISBN 10: 0199737274 / ISBN 13: 9780199737277

Editore: Oxford University Press, 2010

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Dati bibliografici

• Titolo: The Fat Tail: The Power of Political Knowledge in an Uncertain World (with a New Preface)
• Editore: Oxford University Press
• Data di pubblicazione: 2010
• Lingua: Inglese
• ISBN 10: 0199737274
• ISBN 13: 9780199737277
• Rilegatura: Brossura
• Condizione: Very good

Descrizione articolo

Riassunto

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 Foreward 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

Informazioni sull?autore

Ian Bremmer is the President of Eurasia Group and author of The J Curve: A New Way to Understand Why Nations Rise and Fall. He is a contributing editor for Foreign Policy and The National Interest.

Preston Keat is Director of Research at Eurasia Group. He presently teaches at Columbia University's School of International and Public Affairs.