Risk Rules: How Local Politics Threaten the Global Economy
Risk Rules is a comprehensive updating of the authors' critically praised The Kimchi Matters (Agate B2, 2005). The authors, a group of present and former University of Chicago political risk experts, return discussion of globalization and international relations to first principles. Globalization hype has obscured a few basic truths--that political stability and economic growth are usually determined on the local level, and that they're most affected by local institutions, leadership, corruption, and other such factors. Risk Rules shows that globalization (and events like the wars in Afghanistan and Iraq, and the September 11 attacks) makes understanding the political economies of distant countries more important than ever.
Time and again, investors and foreign policymakers have been hurt because they haven't understood the unique local dynamics at work in a particular country or region. This truth holds for companies venturing abroad and for policymakers contemplating foreign challenges, and no less for small investors, voters, and others whose lives and finances are increasingly affected by distant world events. Risk Rules lays out an intuitive framework for making sense of international economic and political developments
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Kimchi Matters: Global Business and Local Politics in a Crisis-Driven World
From renowned international business expert Marvin Zonis: a penetrating analysis that cuts through the fog of polemic and misperception surrounding globalization and returns our attention to the issues that should really matter to everyone concerned about international business, economics, and politics.
"Globalization is perhaps the defining international business and political story of the past two decades, so big, in fact, that many other stories were overlooked: why some countries succeed in achieving stability; why others fail; and why it matters.
An ironic side-effect of globalization is that these relatively small, local -stories-the budget policies of Argentina, the corruption of Indonesia, the stability of Saudi Arabia, among many, many others-matter more than ever before. They are played out in distant countries, but with the click of a mouse or the boarding of a plane their effects are transmitted around the globe.
For the uninitiated, kimchi is the unofficial Korean national dish: unassuming cabbage soaked in chilis, -garlic, and ginger until pungent, fiery, and blood-red in color. To be sure, kimchi has its charms; but for today, at least, it remains a very local dish. Today, almost everyone eats Big Macs (one hundred twenty-one countries at last count), which is unprecedented, amazing, revolutionary: in short, the "big story" of globalization. But one lesson of September 11 is that the small stories, of national politics, regional economics, and local struggles, cannot be overlooked. Everyone eats Big Macs; but the kimchi matters.
This is a book about the kimchi."
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