Abstract
AbstractThe literature on political risks (and opportunities) in international business has expanded far beyond its initial preoccupation with expropriation and instability in “third world,” developing countries. The literature has thus become more concerned with other types of government policies and with political conditions in “first world” and “second world” countries as well. In those respects, the literature has developed analytically and become of more widespread relevance to managerial issues in international business. This article reviews the topical coverage of the political risk literature of international business, and in addition it considers key analytical issues concerning the levels of analysis, theoretical content, and analytical methods that have been evident, as well as those that have been neglected. © 1993 John Wiley & Sons, Inc.
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