Category Archives: Article Type

Modelling Country Risk of Zambia

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Journal of Political Risk, Vol. 12, No. 8, August 2024

Simon Muwando1
University of Lusaka

Victor Gumbo2
University of Botswana

Gelson Tembo3
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 was to model the Zambia’s country risk. A mixed method with concurrent research design was employed. An autoregressive distributed lag technique was employed on annual data from the 1994 to 2018 period. Country beta was used as a proxy for indicating country risk. The findings of the study revealed that the main determinants of country risk of Zambia in the short run are beta, current account balance, political risk, unemployment rate, and short-term interest rates. In the long run, country risk of Zambia is mainly influenced by current account balance, betas, political risk and unemployment rate. Effective policies need to be implemented by authorities to manage persistent current account deficits and political risk.

Key Terms: country risk; country risk analysis; internationalization; globalization; autoregressive distributed lag; Zambia; globalization

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A review of Political Risk: Facing the Threat of Global Insecurity in the Twenty-First Century

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Journal of Political Risk, Vol. 12, No. 6, June 2024

Ndzalama Mathebula
University of Johannesburg
The image shows the cover of a book titled "Political Risk: Facing the Threat of Global Insecurity in the Twenty-First Century." The authors listed at the top are Condoleezza Rice and Amy Zegart. The cover features a globe, cracked open in the middle, revealing a fragmented and divided world map. At the bottom, there is a quote from Eric Schmidt, the former CEO of Google, praising the book as "Smart. Informative. Overdue." The overall design is clean, with a predominantly white background and blue and black text.

Source: Weidnfeld&Nicolson

The book Political Risk: Facing the Threat of Global Insecurity in the Twenty-First Century by Condoleezza Rice and Amy Zegart provides a remarkable overview of the political risk discipline, demonstrating its evolution and growing literature. The ten-chapter book is carefully curated to identify the importance of stakeholders understanding political risk and its evolution in the present century. The writings presented in the book are relevant, but not limited to, businesspersons, government actors, international relations practitioners, corporate personnel, policymakers, organizations, and students – especially given the rate at which the world is changing.

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Why the UN Fails to Prevent Mass Atrocities

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Violent Incidents and Reporting Bias in the South Kivu region of the Democratic Republic of Congo from 2017 to 2022

Journal of Political Risk, Vol. 10, No. 8, August 2022

The image depicts UN forces alongside military equipment and vehicles in Minembwe in South Kivu, DRC.

UN forces in Minembwe, South Kivu taken on 2 April 2019. Source: Delphin Ntanyoma.

Delphin Ntanyoma
Erasmus University

Fidele Sebahizi
Liberty University

Prosper Baseka wa Baseka
Bircham International University

1. Introduction

This study includes preliminary analysis of 324 violent incidents in the Democratic Republic of Congo (DRC) recorded by Kivu Security Tracker (KST) and 29 reports of the United Nations Peacekeeping mission in the Democratic Republic of Congo, known as Mission de Nations Unies pour la Stabilisation du Congo (MONUSCO).[1]

Since its creation and deployment in 1999, MONUSCO is now facing unprecedented protests as local populations in Eastern DRC are demanding its immediate withdrawal. Between July 25 and July 26, 2022, protesters from the main cities in North Kivu and South Kivu stormed MONUSCO bases in Beni, Butembo, Goma, and Uvira to express their anger at the 22-year-long UN mission’s failure to stabilize the region.  Following these incidents, including the one that took place at the Uganda-DRC border, it is believed that 32 civilians and 4 peacekeepers died. Continue reading →

Genocide in The People’s Republic of China

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Violations of International Criminal Law in the Suppression of Falun Gong

Journal of Political Risk, Vol. 10, No. 7, July 2022

Caylan Ford

ABSTRACT

Falun Gong practitioners hold yellow banners with writing in red characters. Soldiers can be seen approaching the practitioners in Beijing's Tiananmen Square.

Falun Gong practitioners hold banners in Beijing’s Tiananmen Square, circa 2000. Source: Falun Data Infocenter.

In July 1999, the Communist Party of China launched a nationwide campaign to eliminate Falun Gong, a spiritual practice believed to have as many as 70 million adherents. Since that time, hundreds of thousands—if not millions—of Falun Gong practitioners have been detained without due process in prisons, reeducation-through-labour camps, detention centers, and “black jails.” Torture and other high-pressure methods are used to force adherents to renounce their beliefs, sometimes resulting in deaths, while official sources and state-run media agencies depict the group as evil and openly call for its “complete eradication.”

In response to the suppression campaign, Falun Gong adherents outside China have sought to invoke the concept of universal jurisdiction to bring charges against senior Chinese leaders alleging torture, genocide, and crimes against humanity. This essay assesses the claims of genocide committed against the Falun Gong by making reference to the Convention on the Prevention and Punishment of the Crime of Genocide, and jurisprudence of international criminal tribunals for Rwanda and the former Yugoslavia. It argues that while some aspects of the Falun Gong case are unique—such as the potential ambiguity of the group’s religious identity—the suppression of Falun Gong would likely satisfy the convention definition of genocide. Continue reading →

Chinese Lawfare in the South China Sea

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A Threat to Global Interdependence and Regional Stability

Journal of Political Risk, Vol. 10, No. 7, July 2022

Map of the South China Sea, with 9-dotted line highlighted in green.

Map of the South China Sea, with 9-dotted line highlighted in green. Source: CIA.

Priscilla Tacujan, Ph.D.
U.S. Department of Defense

China’s expansionism in the South China Sea (SCS) is underway, despite opposition from small littoral states and regional powers in the area. China is seeking to change the legal order governing maritime conduct by engaging in “lawfare”[1] and infrastructure-building on disputed waters as part of its maritime strategy. Lawfare enables Beijing to undermine established elements of international law and delegitimize neighboring states’ maritime claims. Claimant countries and the U.S. have argued for the importance of a rules-based approach that offers clear and uniform rules for maritime conduct. However, in the absence of enforcement mechanisms, China will likely continue to undermine international law, prevent littoral states from advancing their maritime claims, and threaten regional stability and global interdependence.  Assessing and improving countermeasures currently in place, including enforcement mechanisms, existing maritime coalitions with regional allies and the U.S., and freedom of navigation (FON) operations may deter Chinese aggression and prevent the escalation of maritime conflicts in the SCS.

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