Rape: The Russian Tool of Conquest

Posted on June 10, 2022 by Assistant Editor

Journal of Political Risk, Vol. 10, No. 6, June 2022

Police uncover the body of Karina Yeshiva, 22, in Bucha. A forensics team of 3 is depicted excavating the body with specialised equipment in a sandy ditch.

Police uncover the body of Karina Yeshiva, 22, in Bucha. Witnesses say she was tortured, raped, and shot in the head by Russian soldiers. Source: DW.

Stephanie Wild
University of Cape Town

Since Russia’s invasion of Ukraine in February 2022, at least 4,000 civilians have been killed. Moscow has therefore been accused of targeting civilians. However, this is not the only tactic emerging. Acts of rape and sexual violence are also emerging as a weapon of war. In fact, the Office of the United Nations High Commissioner for Human Rights (OHCHR) released a report on the 3rd of June stating that they had already received allegations of 124 acts of conflict-related sexual assault in Ukraine. These reported assaults have mostly been against women and girls, ranging from gang rape, to coercion, to forcibly bearing witness to acts of sexual violence perpetrated against partners and children. Concerns surrounding human traffickers exploiting existing networks are also on the rise. A United Nations Security Council meeting, in particular, brought this to the attention of the world on June 6.

Sexual violence being heavily associated with stigma and shame, the concern is that the actual figure is much higher than 124. A more accurate idea of the actual figure will only emerge with an end to the conflict. However, considering the number of reported sexual assaults, it is clear that Ukrainian women are the victims of sexual violence perpetrated by Russian soldiers each day. This points to a weaponization of sexual violence.

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The Old World Order Endures

Posted on June 3, 2022 by Assistant Editor

Journal of Political Risk, Vol. 10, No. 6, June 2022

President Joe Biden is depicted addressing the nation in the Roosevelt Room. He is flanked by flags with a painting in the background while he speaks into a microphone with one arm raised.

President Joe Biden addresses the nation in the Roosevelt Room, 2022. Source: CNN.

William R. Hawkins
President of the Hamilton Center for National Strategy

President Joe Biden has been using the term “inflection point” in his speeches. At the U.S. Naval Academy on May 27 he said, “Class of 2022, you are graduating at an inflection point not only in American history but in world history. And I mean it. The challenge we face and the choices we make are more consequential than ever. Things are changing so rapidly that the next 10 years will be the decisive decade of this century, because they’re going to shape what our world looks like and the values that will guide it not just for the immediate future, but for generations to come.” Yet, he didn’t lay out what those changes would be. He moved directly to a discussion of Russia’s invasion of Ukraine, “A direct assault on the fundamental tenets of rule-based international order. That’s what you’re graduating into.” He then told them “You’ll learn to crew the most advanced ships in the world, train the most elite combat units, conduct undetected submarine missions, fly the most advanced fighter planes. But the most powerful tool that you’ll wield is our unmatched network of global alliances and the strength of our partnerships.”

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Implications of China’s Pacific Dream for the United States, Australia, and Allies

Posted on June 2, 2022 by Assistant Editor

Journal of Political Risk, Vol. 10, No. 6, June 2022

Chinese Foreign Minister, Wang Yi, and Solomons Islands Minister of Foreign Affairs and External Trade. The Solomons Islands and and Chinese flags feature in the background while each minister holds up a red document.

Chinese Foreign Minister, Wang Yi, and Solomons Islands Minister of Foreign Affairs and External Trade, Jeremiah Manele, 2019. Source: cnsphoto

Yan C. Bennett
Princeton University

John Garrick
Charles Darwin University

It is apparent that Xi Jinping’s Chinese Dream now includes the Pacific Ocean where his Foreign Minister Wang Yi has undertaken a Pacific Islands tour of broad scope and ambition. While China’s economy is stagnating, it nevertheless continues to drive for increasing its world power as Minister Wang aims to finalise the China-Solomons Security agreement and has hosted a Pacific Island Foreign Ministers meeting whilst in Fiji. Wang’s proposals have prompted strong responses from the United States and its allies in the Indo-Pacific, in particular Australia and New Zealand.

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Nixon and Kissinger Talk China: Satire

Posted on May 6, 2022 by Assistant Editor

Journal of Political Risk, Vol. 10, No. 5, May 2022

A black and white image depicting Former President Nixon and Henry Kissinger engrossed in conversations the White House.

Former President Nixon and Henry Kissinger engrossed in conversation, 1972. Source: Wikimedia.

Tony Zielinski
Attorney at Law

Editor’s note: This satire is meant for purposes of humor and should not be interpreted as historically accurate.

Henry Kissinger: Mr. President, I suggest we open up formal relations with Communist China and they will be our allies against the Soviet Union.

President Nixon: Do you feel we can trust their leader, Mao Tse Tung?

Henry Kissinger: Mao Tse Tung is the greatest mass murderer in history. He is responsible for more deaths than Adolf Hitler or Joseph Stalin. He is a ruthless unscrupulous tyrant. So my answer is a most resounding yes.

President Nixon: Yes…I think I understand and can work with someone like that.

Henry Kissinger: A big challenge will be how we deal with Democratic and free Taiwan. They have been great friends and allies. Communist China regards them as a renegade state and China will not rest until they conquer Taiwan and take away their freedoms. China will subjugate them to unspeakable brutality because they dared to have freedom of speech, freedom of press, and the right to vote for their elected representatives. Mao will never forgive them.

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Modelling the Country Risk of Zambia

Posted on March 24, 2022 by Assistant Editor

Journal of Political Risk, Vol. 10, No. 3, March 2022

Simon Muwando
University of Lusaka

Victor Gumbo
University of Botswana

Gelson Tembo
University of Zambia

Abstract

The world has experienced a dramatic increase in the flow of transnational investments following increased internationalization and globalization of firms in the previous decade. Country risk exposure is a cause for concern for all the institutions that are engaged in multinational trade and finance. The main objective of this study is modelling Zambia’s country risk. A mixed method with concurrent research design was employed. Personal interviews were the main instrument for collection of primary data and snowball sampling was used to select the interviewees. Secondary data was collected from the Lusaka Stock Exchange (LSE), Ministry of Finance, Bank of Zambia and Central Statistical Office. An autoregressive distributed lag technique was employed on annual data for the 1994 to 2018 period. This approach was chosen as it works best for small samples. The findings of the study revealed that the short run drivers for country risk of Zambia are beta, current account balance, political risk, unemployment rate and weighted short term interest rates. Current account balance was found to positively affect country risk while beta, political stability, and weighted short term interest rates negatively influence it. The study findings established that the long run determinants of country risk of Zambia are current account balance, betas, political risk, and unemployment rate. From the study findings, current account balance positively influences country risk of Zambia whereas beta, and political stability negatively influence country risk of Zambia. The study concluded that the major determinant of country risk of Zambia in the short run and long run is current account balance as it has significant positive influence. Effective policies need to be implemented by authorities to manage or reduce persistent current account deficits and political risk, in order to manage country risk.

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