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Country Risk Management

Author

Listed:
  • Iliescu Elena Mihaela

    (“Nicolae Titulescu” University of Bucharest, Factulty of Economics)

  • Constantinescu Maria Florentina

    (Court of Auditors)

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.

Suggested Citation

  • Iliescu Elena Mihaela & Constantinescu Maria Florentina, 2010. "Country Risk Management," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 351-355, October.
    • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:351-355
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    More about this item

    Keywords

    country risk; management; global business;
    All these keywords.

    JEL classification:

    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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