Global Edge

Using the Opacity Index to Manage the Risks of Cross-border Business

by Joel Kurtzman and Glenn Yago

		Publisher: Copyright 2007 Joel Kurtzman Summarized by permission of Harvard Business Press Pub. Date: 2007 ISBN: 9781422103463 No. pages: 224 Category: Economics & Politics Sample the audio version of Global Edge

In this summary you will learn

What opacity is and why it matters
How to assess it
How to minimize your risk

Why you should read Global Edge

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 even illegal accounting procedures and dysfunctional regulations can increase your costs of doing business or even thwart your efforts. Instead, 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 of businesses, educational institutions and nonprofit groups who are responsible for committing their organizations’ capital.

About the Authors

Joel Kurtzman is a senior fellow at the Milken Institute and a principal at an international advisory firm. Glenn Yago is director of capital studies at the Milken Institute and a leading authority on financial innovations, capital markets, emerging markets and environmental finance.

Rating (what is this?)

Overall		(7)
Applicability		(8)
Innovation		(7)
Style		(7)

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