Calculating Political Risk

by Althaus, Catherine

• ISBN13: 9781844077007
• ISBN10: 1844077004
• Format: Hardcover
• Copyright: 2009-03-31
• Publisher: Routledge

Summary

This powerful new book is the first ever examination of the hard edge of how political risk - something faced by every political actor innumerable times per day - is calculated and used in decision making. It opens with an outline of the historical and linguistic origins of risk, a section on the various disciplinary understandings of risk, the 'risk society' concept and how risk has come to be so prominent in the context of environmental disaster and terrorism. The book then defines political risk and looks at its manifestations in the public sector from project to high level political risk. It also looks at risk identification versus risk management and the various processes at work. The final chapters compare the experiences and lessons learned from the case studies and practitioner insights in previous chapters, to formulate a better understanding of what political risk is and what its calculation means in political practice. Finally the author shows how political risk calculation provides a fresh perspective on policy analysis and identifies how political risk is relevant to a broader understanding of politics and political science as well as policy formulation and implementation on the ground.

Table of Contents

Foreword

Preface

Introduction and Overview

Review of the Four Risk Management Strategies

Germany and the Waste Incinerator in the North Black Forest

Risk Management in the United States: The Case of International Paper's Hydro-Dam Re-Licensing procedure

Sweden: Barseb+nck, Risk Management and Trust

Risk Management in the UK: The Case of Brent Spar

Conclusions: Integrating Trust into Risk Management

Notes and References

Index

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