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Political Risk and International Investment

In: Exchange Risk and Corporate International Finance

Author

Listed:
  • Robert Z. Aliber

Abstract

Political risk involves the uncertainty that investors have about changes in laws and regulations that national authorities apply to the transfer of funds across national borders and the ownership of assets within their jurisdictions by foreign firms and residents. Each national government can control the movement of securities across national borders, thus hindering foreign loans and investments, and the repatriation of profits, dividends and capital. Each government can use its legal powers to acquire the property of private parties — of foreign residents as well as of domestic residents — located within its jurisdiction. And each also can refuse to pay its debts to foreigners with minimal fear of being sued.

Suggested Citation

  • Robert Z. Aliber, 1978. "Political Risk and International Investment," Palgrave Macmillan Books, in: Exchange Risk and Corporate International Finance, chapter 4, pages 46-54, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03362-1_4
    DOI: 10.1007/978-1-349-03362-1_4
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