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Global Edge: Using the Opacity Index to Manage the Risks of Cross-border Business
Now that globalization is a reality and cross-border is no longer a discretionary activity, companies need reliable tools to manage the risks associated with doing business around the world. This title is a relevant, practical addition to risk management literature. This book will help readers think about their global business differently, manage them effectively, and develop ways to forecast in which areas they might get into trouble. To support the book there will be an internet-based tool that offers up-to-date risk information by country. This title is the right mix of important new research and practical applicability for readers. It details the risks of doing business overseas and is as valuable to someone in Europe or Asia or in the US. Author, Kurtzman is well-known and respected in both academic and business circles.Since a systematic understanding of global risks is in its infancy, this book has the potential to be the definitive work that transforms the subject. It is packed with international companies including Sumitono Bank, Bre-X, Banco Ambrosiano, Parmalat, Royal Ahold, Barings Bank, Daiwa Securities, BCCI, Lloyd Aero Boliviano, Viacao Aerea, ChuoAoyama, Kanebo, Glo
220 pages, Hardcover
First published September 24, 2007
6 people want to read
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Displaying 1 - 2 of 2 reviews
April 14, 2009
Provocative guide to risky business
Joel Kurtzman and Glenn Yago recommend that you do your homework before you invest in a country. Otherwise, problems such as corruption, weak legal systems, inefficient enforcement policies, deliberately confusing or illegal accounting procedures and dysfunctional regulations can increase your costs of doing business or even thwart your efforts. Learn what to expect before you go. The authors have developed an “Opacity Index” that aggregates information on these complex factors to help individuals and companies formulate strategies to protect themselves against the risks of globalization. They also offer a useful, contrarian perspective on a range of issues, for example, they question the vogue for investing in Brazil, Russia, India and China – highly opaque countries, according to their index. getAbstract recommends this book to managers who are responsible for committing their organizations’ capital.
Joel Kurtzman and Glenn Yago recommend that you do your homework before you invest in a country. Otherwise, problems such as corruption, weak legal systems, inefficient enforcement policies, deliberately confusing or illegal accounting procedures and dysfunctional regulations can increase your costs of doing business or even thwart your efforts. Learn what to expect before you go. The authors have developed an “Opacity Index” that aggregates information on these complex factors to help individuals and companies formulate strategies to protect themselves against the risks of globalization. They also offer a useful, contrarian perspective on a range of issues, for example, they question the vogue for investing in Brazil, Russia, India and China – highly opaque countries, according to their index. getAbstract recommends this book to managers who are responsible for committing their organizations’ capital.
March 1, 2008
Questionable methodology makes this a weak tool.
Displaying 1 - 2 of 2 reviews