Old problems remain, new ones crop up: Political risk in the 21st century

Jakobsen, Jo

doi:10.1016/j.bushor.2010.04.003

Cited by 40 publications

(34 citation statements)

References 25 publications

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“…The ever‐changing and threatening international political environments have spawned a new scenario for international construction enterprises. International construction enterprises are likely to face a much broader array of political risks than ever before (Jakobsen, ), thus leading to significant and often unpredictable effects; this was confirmed by recent events, such as the riots resulting from the Jasmine Revolution in the Middle East and North Africa. Confronted by such risks, international construction enterprises have limited options.…”

Section: Introductionmentioning

confidence: 99%

Project System Vulnerability to Political Risks in International Construction Projects: The Case of Chinese Contractors

Deng

Pheng

Zhao

2014

Project Management Journal

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This study aims to explore the variables affecting the project system vulnerability to political risks in international construction projects. A questionnaire survey was conducted and 138 responses were received from both academia and industry. The exploratory factor analysis was then adopted to uncover the relationships among these variables. The results showed that three exposure factors (i.e., attribute‐based exposure, strategy‐based exposure, and transaction‐based exposure) and three capacity factors (i.e., core competitive capacity, relative bargain capacity, and integrate adaptive capacity) were believed to be the significant underlying factors for the project system vulnerability to political risks. Also, case studies were conducted and the results indicated that the emergent framework was suitable and tractable for application in the future. This study provides a method for measuring the project system vulnerability to political risks; thus, international construction enterprises can decrease their risk exposure and enhance their capacity for dealing with political risks in international construction projects.

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Section: Introductionmentioning

confidence: 99%

Project System Vulnerability to Political Risks in International Construction Projects: The Case of Chinese Contractors

Deng

Pheng

Zhao

2014

Project Management Journal

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“…While scholars and practitioners alike have developed ever more complex models for conceptualizing political risk, and have theorized about the most appropriate means for managing its many forms (Jakobsen, 2010;Alon & Herbert, 2009;Keillor, Wilkinson, & Owens, 2005;Brink, 2004;Rodriguez, Uhlenbruck, & Eden, 2005;Bouchet, Clark, & Groslambert, 2003), students of IB and marketing-either at undergraduate or postgraduate-may only receive a broad overview of the political and economic environment at the beginning stages of the module if the tutor follows the framework provided by a core textbook. This is likely to be insufficient in terms of allowing students to: Downloaded by [Flinders University of South Australia] at 05:50 04 February 2015 …”

Section: Political Risk and The Political Environment In Current Teacmentioning

confidence: 98%

Improving International Marketing Programs to Reflect Global Complexity and Risk: Curriculum Drivers and Constraints

Vos

2013

Journal of Teaching in International Business

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This article looks at the curriculum redesign of a master's-level program in international marketing from a UK perspective. In order to ensure that the program would be more fit-for-purpose for future managers working under conditions of complexity, uncertainty, and within regimes often very different from the home market, the team began the curriculum redesign process with the view that international programs need to have a more broad and cross-disciplinary curriculum. Both drivers and constraints for the curriculum redesign are considered as well as the rationale for including a 30-week module on political and economic risk in the program.

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“…Political risk in the twenty-first century is widespread, with host governments' political institutions (political parties, trade unions and the legal system) being the major sources, as they create, enforce and apply laws that mediate conflict and governmental policies on the economy and social systems. Political instability negatively impacts on FDI inflow as it may interrupt business activities and alter investors' perceptions on location choice, and violence could harm the operations of the firm (Jakobsen 2010;Reiter and Steensma 2010). Though political risk is a threat to FDI inflows, opportunities such as higher returns on investment offered in politically unstable environments could support a firm's achievement of its internationalisation strategy (Jime'nez et al 2014;Rios-Morales et al 2009).…”

Section: Political Stabilitymentioning

confidence: 99%