In today's world, political events can greatly impact businesses that operate globally. Managing political risk is important to protect your company from these uncertainties. This article explores key strategies to help businesses handle political risks effectively.
Key Takeaways
- Building strong relationships with local stakeholders can help businesses navigate political challenges and stay informed about regulatory changes.
- Investing in political risk insurance can provide a safety net against losses from political events such as expropriation or political violence.
- Conducting thorough due diligence helps in assessing the political stability and legal frameworks of a country before entering into contracts.
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Political Risk: Mitigating Threats to Your Global Business
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