Country Risk Management

Elena Iliescu and Constantinescu Maria Florentina ()
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Constantinescu Maria Florentina: Court of Auditors

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 351-355

Abstract: Given that the current business world is based on the expansion of global markets, more companies participating in the international activity, business management has been faced with new challenges. This is because companies in order to cope with global competition were forced to adapt to the external environmental conditions and to develop activities and strategies from an international and global perspective. Under these circumstances it was necessary, the development of the international dimension of management. A key mechanism, an integral part of all decisions made within the international business is country risk management. Experience has shown that if there is no country risk management implemented, the compensating cost will exceed by far the losses occurred for implementing and applying the strategy for diminishing the country risk. Therefore, the most important role of country risk management remains the growth opportunity that adds up to the overall management.

Keywords: country risk; management; global business (search for similar items in EconPapers)
JEL-codes: F21 F23 M16 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:2:p:351-355

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