The Fat Tail: The Power of Political Knowledge in an Uncertain World

The Fat Tail: The Power of Political Knowledge in an Uncertain World

Ian Bremmer


As Ian Bremmer and Preston Keat display during this leading edge publication, unstable political occasions resembling the 2008 Georgia-Russia confrontation--and their catastrophic results on business--happen even more often than traders think. at the curve that charts either the frequency of those occasions and the facility in their influence, the "tail" of utmost political instability isn't reassuringly skinny yet dangerously fat.
Featuring a brand new Foreward that bills for the cataclysmic results of the 2008 monetary predicament, The fats Tail is the 1st ebook to either determine the wide variety of political hazards that international corporations face and express traders easy methods to successfully deal with them. Written via of the world's top figures in political probability administration, it unearths that whereas the realm continues to be enormously dicy for companies, it truly is not at all incomprehensible. Political threat is unpredictable, however it is simpler to research and deal with than most folks imagine. employing the teachings of global heritage, Bremmer and Keat survey an enormous diversity of latest dicy events, from solid markets just like the usa or Japan, the place politically pushed rules can nonetheless dramatically impact company, to extra precarious locations like Iran, China, Russia, Turkey, Mexico, and Nigeria, the place inner most estate is much less safe and effort politics sparks consistent volatility. The publication sheds gentle on a big selection of political risks--risks that stem from nice strength rivalries, terrorist teams, govt takeover of non-public estate, susceptible leaders and inner strife, or even the "black swans" that defy prediction. yet extra importantly, the authors offer a wealth of targeted tools, instruments, and ideas to assist firms, cash managers, and coverage makers comprehend political danger, displaying whilst and the way political hazard research works--and while it doesn't.

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