Summary of The Fat Tail

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Rating

9 Overall

9 Applicability

8 Innovation

9 Style


Recommendation

This timely, concise book provides an introduction to managing and assessing international political risk. Ian Bremmer and Preston Keat downplay the jargon and specialists’ terminology, so their book is easily accessible. However, the authors do presume that readers have at least a nodding acquaintance with the facts of international business life. Many recent risk management books focus more on managing market risks. Political risk, while less quantifiable, still presents a challenge and demands effective administrative attention. This book is a valuable addition to the literature on risk management. Its great merit, getAbstract reports, is that it provides a framework for understanding the nature of political risk and a variety of approaches to managing it.

In this summary, you will learn

  • What political risk is;
  • Why political risk should be managed; and
  • What companies can do to manage it.
 

About the Authors

Ian Bremmer, author of The J Curve: A New Way to Understand Why Nations Rise and Fall, is President of the Eurasia Group, where Preston Keat is Director of Research.

 

Summary

Political Risk
The Russian default of 1998 was a stark reminder that devastating events occur with greater probability than a standard, normal distribution suggests. The tails of the political risk bell curve are not thin, indicating a low likelihood of catastrophic upheavals, but fat, ...

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