Country Risk Management: A Perspective

Abstract

History is replete with periodical occurrence of global events inflicting unanticipated exogenous shocks affecting virtually everyone in the global economy. Country risk is the single most important risk factor for corporate operating away from domestic market be it in emerging markets or developing markets. Organisations that have built up their expertise and put in place effective country risk management system can effectively mitigate their impacts on their business and activities. The article attempts to briefly outline important aspects of effective Country Risk management.