analysis risk of political and economy
GFPP 3413 Analysis political and economy risk
Preface. Analysis risk political and economy are one the field in social political economy. To understand what is the analysis political and economy risk, first we must know what its mean. First is Risk, generally risk mean human and organization had to face risk and must make decision. All the decision made, have its own effect. Actually the word ‘ risk’ are come from the French word ‘ Risque’. It mean that if we cannot ventured nothing, we cannot ventured gain. According to the oxford dictionary(1976) risk mean the chance of hazard or bad consequences. Mean while the scholar like John. W. Rowe said “risk is the potential of unwanted negative consequences of an event or an activitiy. Robock and Simmon(1983) said risk is a measure of how that instability might affect the business enterprise. There are two type of risk, it is Calculated risk and Unexpected risk. Calculated risk is a risk that can be measured or expect earlier. While unexpected risk is a risk that happen suddenly. According to Crockford(1986) there are component of risk that divide into two it is ‘threats’ and ‘source’. Threats are broad range of forces which could produce an adverse result. While sources is an assets, people, or earnings which could be affected by the threats. Then we also need to understand the mean of politics and economy. Politic generally mean the struggle of power. According to Aristotle- “man is by nature the animal of politic. While Almold, Power, Strom, and Dalton(2001), classified politics as power that relate to decision making in territories. That power can be gained by authority or by forced. Economy is an activity that show people or society have unlimited desire for limited resources. Baxter and Davis classified economy as an activity about production, distribution and use of wealth in the society. Political economy is the government which represent by the political people that have some interest in business. The
Preface. Analysis risk political and economy are one the field in social political economy. To understand what is the analysis political and economy risk, first we must know what its mean. First is Risk, generally risk mean human and organization had to face risk and must make decision. All the decision made, have its own effect. Actually the word ‘ risk’ are come from the French word ‘ Risque’. It mean that if we cannot ventured nothing, we cannot ventured gain. According to the oxford dictionary(1976) risk mean the chance of hazard or bad consequences. Mean while the scholar like John. W. Rowe said “risk is the potential of unwanted negative consequences of an event or an activitiy. Robock and Simmon(1983) said risk is a measure of how that instability might affect the business enterprise. There are two type of risk, it is Calculated risk and Unexpected risk. Calculated risk is a risk that can be measured or expect earlier. While unexpected risk is a risk that happen suddenly. According to Crockford(1986) there are component of risk that divide into two it is ‘threats’ and ‘source’. Threats are broad range of forces which could produce an adverse result. While sources is an assets, people, or earnings which could be affected by the threats. Then we also need to understand the mean of politics and economy. Politic generally mean the struggle of power. According to Aristotle- “man is by nature the animal of politic. While Almold, Power, Strom, and Dalton(2001), classified politics as power that relate to decision making in territories. That power can be gained by authority or by forced. Economy is an activity that show people or society have unlimited desire for limited resources. Baxter and Davis classified economy as an activity about production, distribution and use of wealth in the society. Political economy is the government which represent by the political people that have some interest in business. The
References: Inter-American Development Bank, The Politics of Policies, Economic and Social Progress in Latin America, 2006 Report, Washington, DC 2005: chapters 1-5. Political Risk, Blackwell, 1998: 15-44.