Category Archives: Politics

It’s Past Time to Secure the Internet

Posted on by Assistant Editor

Journal of Political Risk, Vol. 12, No. 11, November 2024 

The image depicts a world globe focusing on America.

Nick Aldwin via Flickr

By Tim Sell

If we’ve learned anything in the last three years, it’s that open borders don’t work. They put American citizens at risk. Why haven’t we learned, over the last thirty years, that an open Internet causes the same problems? I read about problems everyday from Russian hackers and Iranian agents creating election havoc and stealing identities and money. About a year ago, I experienced bank fraud and identity theft. When I reported this to my local police department, I was told nothing could be done,
as the attack came from “overseas” on the Internet.

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

Posted on by Assistant Editor

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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Italy’s New Government: Business as Usual

Posted on by Assistant Editor

Journal of Political Risk, Vol. 11, No. 1, January 2023

Lorenzo Ammirati

The image depicts a poster with a stylized black-and-white illustration of a woman wearing a military-style uniform and cap, reminiscent of fascist propaganda art. The background features the Italian flag with vertical green, white, and red stripes. Below the image, in bold black and red text, is the label "MUSS-MELONI", which is a play on the names of Benito Mussolini, the Italian fascist dictator, and Giorgia Meloni, the Italian politician. The image appears to be a piece of street art or protest art, criticizing Meloni by drawing a parallel between her and Mussolini.

Poster of Giorgia Meloni, leader of the Brothers of Italy Party, 2022. Source: Duncan Cumming via Flickr.

Nationalist identarian right-wing party Fratelli d’Italia (“Brothers of Italy”) was the only major Italian party to oppose former European Central Bank President Mario Draghi’s “national unity” coalition government which governed Italy between February 2021 and September 2022. Among the key campaign promises made by Fratelli d’Italia’s leader and current Italian Prime Minister Giorgia Meloni during the electoral campaign of September 2022 was a break with the economic policies of the Draghi government. However, the first Italian female Prime Minister has thus far demonstrated the opposite orientation.

In fact, Meloni’s sphere of decision making on economic policy is severely limited. Italy’s extremely high levels of public debt (above 150% of GDP) coupled with weak trust from financial markets and the European Union’s tight fiscal rules make it very costly (both financially and reputationally) for any Italian government to finance new public policies. Additionally, investments are currently mainly being made through the European Union’s Recovery Instrument, an ad-hoc fund created after the COVID-19 pandemic which lends money for EU approved projects, greatly constraining the power of the Italian government.

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China’s Sharp Power

Posted on by Assistant Editor

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

A series of paintings of communist leaders, including Vladimir Lenin, Karl Marx and Mao Zedong, lined up along a Hong Kong road.

A series of paintings of communist leaders lined up along a Hong Kong road, 2016. Source: Flickr.

Roman Štěpař
Charles University

If we understand geopolitics as a “representation of space”, then the Indo-Pacific region can be seen as an emerging geopolitical hotbed in which major powers struggle not only for control but also for discourse of values and worldviews. In this particular geopolitical competition of values and mindsets, a sharp power is gradually gaining prominence, and in the Indo-Pacific region, China is at the center of the action.

After the collapse of the Soviet Union, the lessons of Gorbachev’s “failure” were passed on to Chinese citizens. They denounced Moscow’s ideological neglect for this catastrophe and warned that it was possible that it would happen in China as well. Chinese foreign policy has as a result been transformed. After 40 years of remarkable rise, China has now clearly demonstrated its desire to lead the world by reasserting itself in a position that its leaders consider “historically correct.”

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Political Risk to the Mining Sector in South Africa

Posted on by Assistant Editor

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

The image is of Randfontein Mine in Johannesburg, South Africa. Mining equipment dotters the brown landscape against a blue sky.

Randfontein Mine, Johannesburg, November 2014. Source: Paul Raad via Flickr.

Ndzalama Cleopatra Mathebula 
Institute of Risk Management South Africa

Generally defined, political risk is the expected cost or loss incurred by a business due to political decisions, events, and actions. With the evolution of the discipline, it is not only government or organizations that can generate  political risks, but also labour unions and civil society that can emanate risks. The South African mining sector includes abundant political risk yet is an attractive investment destination given its large platinum, gold, and coal reserves.

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