International Political Risk Management, Volume 2: The Brave New
World is the latest in a series based on the MIGA-Georgetown
University Symposium on International Political Risk Management.
Volumes in this series offer leading-edge assessments of needs and
capabilities in the international political risk insurance industry.
These assessments come from 18 experts in the fields of international
investment, finance, insurance, and academe.
Contributors to this volume consider The Brave New World of
the political risk insurance industry in the wake of September 11,
2001, the Argentine economic crisis, and other upheavals. The book
begins with the supply-side perspective of insurers and then turns to
the concerns of investors and lenders, in particular those involved in
large infrastructure projects in emerging markets. It concludes with
in-depth assessments of new challenges to definitions and coverage of
currency transfer, expropriation, breach of contract, and political
force majeure. The diverse and detailed arguments collected here come
together in a surprising consensus: recent changes, contractions, and
even losses are fueling the search for creative solutions and will
ultimately prove beneficial for participants in the industry.
An in-depth analysis from the front lines of international political
risk management, this book will be a valuable guide to those who are
considering private sector investments and privatizations in the
developing world, whether as equity sponsors, lenders, or insurers. It
should also be of interest to independent analysts and scholars working
in the field of political risk management.
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