Managing Country Risk

A Practitioner's Guide to Effective Cross-Border Risk Analysis

By: Daniel Wagner

Narrated by: Joseph R. Durika

Length: 8 hrs and 30 mins

Publisher's summary

Almost any event can increase a trader, investor, or lender's cross-border risk. An unexpected resignation, a terrorist act, or a currency collapse can completely transform the political and economic landscape of a country, a region, or the world.

Since the advent of globalization, politics and economics have been forever entwined, sometimes resulting in calamitous outcomes. One of the disadvantages of globalization and instant communications is that the impact of such change is felt instantaneously. Today, there is less time to react before someone else does; we may be sleeping while others are reacting. Perhaps the impact of localized economic and political events would not be so dramatic if the international marketplace were not so interconnected - if currency and stock trading did not occur and information was not broadcast 24 hours per day.

This audiobook is all about how to identify and manage the plethora of risks associated with conducting business abroad - and how to think outside the box to be able to anticipate the impact of change on business operations. Effective country risk management is all about combining the right information with the right tools, instincts, and response to identify, avoid, and manage cross-border risks.

Daniel Wagner shares with you the things he has learned over a quarter century of analyzing and managing country risk for some of the world's best known corporations and international organizations. By listening to this audiobook, you will come to know more about country risk management than virtually all of your peers. You will also be able to add value to the risk management processes in your organization, even if you are not formally part of a risk management unit. If doing so helps your organization become smarter about how it does business abroad and enhances its ability to make profit, all the better, because in the process, it will be contributing to development, job creation and improving the lives of people around the world.

©2012 Taylor & Francis (P)2016 Daniel Wagner

Critic reviews

"Many important areas of modern finance lack that one solid, unbiased book that tells both the novice everything he or she needs to know about the subject, brings a coherent structure, and important, fresh insights to seasoned practitioners. Daniel Wagner has brought the world the go-to book on country risk analysis. Managing Country Risk provides a broad, deep, and accurately detailed analysis of country risk analysis tools and techniques in a volume unlike any I have read before. It is both timely and likely to enjoy a long shelf life." (Jeffrey Christian, managing director, CPM Group and author of Commodities Rising)

"Wagner carefully sorts through the fundamental principles of country risk management, adding context with examples from his quarter century as a political risk insurance underwriter, country risk manager and advisor. The chapter on political risk insurance is the best comprehensive description of the product that I have seen. This book is an invaluable tool for the scholar and practitioner alike in understanding country risk and the techniques available to international investors and traders to address those risks." (Frederick E. Jenney, partner, Project Finance and Development Group, Morrison & Foerster, Washington, DC)

Excellent advice for international business

Really enjoyed the mix of practical examples and high level concepts addressed in the book. Helpful knowledge in developing further understanding on best ways to approach working in new geographies.

Too bad it is so condescending towards non America

What could have made this a 4 or 5-star listening experience for you?

Too opinionated and ethnocentric. You doubt the data as it makes very broad assertions. Very right wing comments with rosy language.

What was most disappointing about Daniel Wagner’s story?

Too quick to make opinions with catchy buzzwords

What does Joseph R. Durika bring to the story that you wouldn’t experience if you just read the book?

The reading is good. Had it not been for the quality reading I would have never havery finished the book.

If you could play editor, what scene or scenes would you have cut from Managing Country Risk?

Drop the second half. The first half is more technical and less anecdotal. It has no idea that the US was once a very amateur power and in many ways it remains. Very pro Monroe Doctrine.

Any additional comments?

Read with lots of patience. I do not recommend for beginners in international relations. There are some good elements to be cherry picked.