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Business, Governments and Political Risk in South Asia and Latin America since 1970

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  • Geoffrey Jones
  • Rachael Comunale

Abstract

This article examines how businesses perceived political risk in South Asia and Latin America over the last half century. Employing data from an oral history database at Harvard Business School, the article identifies five major sources of political risk: macroeconomic and policy turbulence, excessive bureaucracy, political instability, corruption, and violence. Marked regional differences were identified in perceptions and responses to risks. Macroeconomic and policy turbulence was the biggest perceived source of risk in Latin America. Excessive bureaucracy was the biggest source of perceived risk in South Asia. South Asian businesses often avoided bureaucracies, while Latin Americans worked with them.

Suggested Citation

  • Geoffrey Jones & Rachael Comunale, 2018. "Business, Governments and Political Risk in South Asia and Latin America since 1970," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 58(3), pages 233-264, November.
    • Handle: RePEc:bla:ozechr:v:58:y:2018:i:3:p:233-264
    DOI: 10.1111/aehr.12159
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    Cited by:

    1. Valeria Giacomin & Geoffrey Jones, 2022. "Drivers of Philanthropic Foundations in Emerging Markets: Family, Values and Spirituality," Journal of Business Ethics, Springer, vol. 180(1), pages 263-282, September.

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