Global Edge
Using the Opacity Index to Manage the Risks of Cross-border Business
Harvard Business Press, 2007
Category:
Economics & Politics
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(8)In this summary you will learn
- What opacity is and why it matters
- How to assess it
- How to minimize your risk
Why you should read Global Edge
Joel Kurtzman and Glenn Yago recommend that you do your homework before you invest in a country. Otherwise, problems such as corruption, weak legal systems, inefficient enforcement policies, deliberately confusing or even illegal accounting procedures and dysfunctional regulations can increase your costs of doing business or even thwart your efforts. Instead, learn what to expect before you go. The authors have developed an “Opacity Index” that aggregates information on these complex factors to help individuals and companies formulate strategies to protect themselves against the risks of globalization. They also offer a useful, contrarian perspective on a range of issues, for example, they question the vogue for investing in Brazil, Russia, India and China – highly opaque countries, according to their index. getAbstract recommends this book to managers of businesses, educational institutions and nonprofit groups who are responsible for committing their organizations’ capital.
About the authors
Joel Kurtzman is a senior fellow at the Milken Institute and a principal at an international advisory firm. Glenn Yago is director of capital studies at the Milken Institute and a leading authority on financial innovations, capital markets, emerging markets and environmental finance.
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