... understand the different risks they face but also to be aware of the methods used to assess such risks. Although the question divides risks into three different categories (political, economic and social), it has nevertheless been noted that all risks have political, economical and social implications. Therefore, to avoid confusion, this discursive essay will employ Griffin & Putsay's risk categorisation1: 1. Governmental risks: risks that arise out of governmental action and/or influence (including legal and regulatory frameworks...) 2. Non-governmental risks: risks that arise out of non-governmental actions (terrorism, religious conflicts...) There are a number of governmental risks that international managers have to be aware of. First, a government from a developing country may not provide political/economic and social stability. Many emerging economies may present important risks in relation to the stability of their fundamental legal and political frameworks. Some may still not have an established rule of law, so government's role in business ...

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