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Politické riziko v tranzitivních ekonomikách a v Evropské Unii
[Political risk in transition economies and the European Union]


  • Milan Žák


The article deals with political risk, its definition, assessment and measuring. In the theoretical part different approaches to the definition of political risk are discussed and methodical approaches to its measuring and assessment are explained. The practical part is focused on the analysis of political risk assessment in transition countries of Europe and in countries of former Soviet Union compared to political risks in EU countries. The conclusions indicate that transition economies lag behind substantially in the areas of corruption, law observance and bureaucracy quality. For economic policy it is urgent to improve the quality of the institutional environment.

Suggested Citation

  • Milan Žák, 2005. "Politické riziko v tranzitivních ekonomikách a v Evropské Unii
    [Political risk in transition economies and the European Union]
    ," Politická ekonomie, University of Economics, Prague, vol. 2005(1).
  • Handle: RePEc:prg:jnlpol:v:2005:y:2005:i:1:id:493

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    References listed on IDEAS

    1. Stephan Klasen, 2006. "UNDP's Gender-related Measures: Some Conceptual Problems and Possible Solutions," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 7(2), pages 243-274.
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    More about this item


    investment; European Union; political risk; quality of institutions; transition economics;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General


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