"This work compresses much of the established literature on risk and investment-business strategy. While it may not offer new direction, it succeeds in bringing together the perspectives of international finance, rooted in country risk analysis, with those of broader social science. It focuses the reader's attention on the political and social forces directly impacting on business operations. This, this book serves as an excellent literature review for academics, and helps the strategic planner in business get a grip on the political risk literature from a multidisciplinary perspective. It deserves a prominent place in the political risk/international business environment literature." The International Executive
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?Kennedy covers the problems of politico-economic risk assessment from the perspective of international lending and investing. The author strikes an excellent balance in covering country political and economic variance as a source of financial risk, and project-specific characteristics and their interaction with country attributes. The book contains a review of the history and concepts of country risk assessment; international bank-lending (cross-border) exposures to risk; the process of managing country risk in banks and for foreign direct-investment activities; and political risk strategy. The work is based on extensive literature reviews and original research, and there are comprehensive footnotes and references. . . . This volume should be most valuable for students seeking practical business applications for material studied in political science, history, and economics courses. Highly recommended for college and university libraries.?-Choice
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