Publication:
World Investment and Political Risk 2011

Simple item page
dc.contributor.authorMultilateral Investment Guarantee Agency
dc.date.accessioned2013-02-20T18:58:05Z
dc.date.available2013-02-20T18:58:05Z
dc.date.issued2011-01
dc.description.abstractThe mission of the Multilateral Investment Guarantee Agency (MIGA) is to promote foreign direct investment (FDI) into developing countries to support economic growth, reduce poverty, and improve people's lives. As part of this mandate, the agency seeks to foster a better understanding of investors' perceptions of political risk as they relate to FDI, as well as the role of the political risk insurance (PRI) industry in mitigating these risks. Today's economic turbulence and fragility in developed countries are again posing challenges for the global economy. Developing countries are feeling the impact through multiple channels, including through the flows of FDI and private capital. Having rebounded sharply in 2010, FDI flows to developing countries continued to increase in 2011, but are expected to moderate going forward. The report highlights once again the salience of political risk as an important concern for multinational enterprises that seek to invest in developing countries. This is also reflected in the increased issuance of new political risk insurance in 2010, a trend that seems to be continuing in 2011, helped by a growing awareness of insurance as a risk-mitigation tool. This year the report also pays special attention to the FDI picture in the Middle East and North Africa region in light of the Arab Spring, as well as the reaction of multinational enterprises to these developments. This year's report puts a spotlight on expropriation, a political risk with a long and recurring history, and examines motivations of host-country governments in deciding whether to expropriate. The report also highlights the role of political or economic shocks in triggering expropriations. It finds that investor disputes are more likely to be resolved by democratically elected governments rather than non-democratic regimes. This suggests that the propensity to expropriate is significantly higher in countries with non-democratic regimes, a finding that should be of interest to investors who are more concerned about political stability than about regime type and political institutions. Research conducted for this report, including the MIGA- Economist Intelligence Unit (EIU) survey and discussions with London-based private sector PRI underwriters and brokers, showed that the views of investors and PRI providers regarding regime type and expropriation risk differ slightly. Underwriters and brokers did not find the empirical results surprising and agreed that these results support their overall underwriting views.en
dc.identifier.doi10.1596/978-0-8213-8850-1
dc.identifier.isbn978-0-8213-8850-1
dc.identifier.urihttps://hdl.handle.net/10986/12430
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectAccess to financing
dc.subjectaccounting
dc.subjectadverse effect
dc.subjectadverse effects
dc.subjectarbitral awards
dc.subjectarbitration
dc.subjectbanking sector
dc.subjectbanking system
dc.subjectbarrier
dc.subjectbrokers
dc.subjectbudget deficits
dc.subjectbusiness environments
dc.subjectCapital Flows
dc.subjectcapital markets
dc.subjectcapital requirements
dc.subjectchecks
dc.subjectcivil wars
dc.subjectcommodity
dc.subjectcommodity prices
dc.subjectcontract renegotiations
dc.subjectcontractual obligations
dc.subjectconvertibility restrictions
dc.subjectCopyright Clearance
dc.subjectCopyright Clearance Center
dc.subjectcorporate investment
dc.subjectCorporate investor
dc.subjectCorporate investors
dc.subjectcredit agency
dc.subjectcredit default
dc.subjectcredit default swap
dc.subjectcredit default swaps
dc.subjectcredit market
dc.subjectCurrency devaluation
dc.subjectcurrent account balances
dc.subjectdebt crises
dc.subjectdebt crisis
dc.subjectdefault risk
dc.subjectdemocracies
dc.subjectdemocracy
dc.subjectdemographic
dc.subjectderegulation
dc.subjectdeveloping countries
dc.subjectDeveloping country
dc.subjectdeveloping economies
dc.subjectdomestic economies
dc.subjectdomestic investors
dc.subjectdomestic market
dc.subjectdomestic markets
dc.subjectdownside risks
dc.subjectdrivers
dc.subjecteconomic conditions
dc.subjecteconomic crises
dc.subjecteconomic crisis
dc.subjecteconomic downturn
dc.subjectEconomic Empowerment
dc.subjecteconomic growth
dc.subjecteconomic policies
dc.subjecteconomic recovery
dc.subjectemerging markets
dc.subjectenvironmental impacts
dc.subjectequity flows
dc.subjectequity index
dc.subjectExport credit
dc.subjectexporters
dc.subjectexposure
dc.subjectExpropriation
dc.subjectexpropriation risk
dc.subjectExpropriations
dc.subjectFinance Corporation
dc.subjectfinancial crisis
dc.subjectfinancial flows
dc.subjectFinancial instability
dc.subjectfinancial institutions
dc.subjectFinancial sector
dc.subjectfinancial volatility
dc.subjectfiscal consolidation
dc.subjectfiscal deficits
dc.subjectforeign banks
dc.subjectforeign companies
dc.subjectforeign currency
dc.subjectForeign Direct Investment
dc.subjectForeign Direct Investments
dc.subjectforeign exchange
dc.subjectForeign Investment
dc.subjectforeign investments
dc.subjectForeign Investors
dc.subjectGeneral Insurance
dc.subjectglobal economy
dc.subjectglobal investors
dc.subjectgood governance
dc.subjectgovernment deficit
dc.subjectgovernment guarantees
dc.subjectgovernment intervention
dc.subjectgovernment regulation
dc.subjectGross domestic product
dc.subjecthost countries
dc.subjecthost country
dc.subjecthost government
dc.subjecthost governments
dc.subjectincome
dc.subjectincome streams
dc.subjectincome taxes
dc.subjectinflation
dc.subjectinflationary pressures
dc.subjectInnovation
dc.subjectInsurance
dc.subjectinsurance agencies
dc.subjectInsurance Industry
dc.subjectInsurance Market
dc.subjectinsurer
dc.subjectintangible
dc.subjectInternational Bank
dc.subjectInternational emerging markets
dc.subjectInternational Finance
dc.subjectinternational investment
dc.subjectinternational investors
dc.subjectinternational trade
dc.subjectinvesting
dc.subjectInvestment Corporation
dc.subjectInvestment Disputes
dc.subjectInvestment Flows
dc.subjectinvestment insurance
dc.subjectinvestment opportunities
dc.subjectInvestment Plans
dc.subjectinvestment projects
dc.subjectinvestment regimes
dc.subjectinvestor perceptions
dc.subjectinvestor perspectives
dc.subjectinvestor uncertainty
dc.subjectissuance
dc.subjectliability
dc.subjectlocal currency
dc.subjectlow-income countries
dc.subjectlow-income economies
dc.subjectmacroeconomic data
dc.subjectMacroeconomic instability
dc.subjectmacroeconomic stability
dc.subjectmarket conditions
dc.subjectmarket pricing
dc.subjectmiddle-income countries
dc.subjectMonetary Fund
dc.subjectmotivation
dc.subjectMultilateral Investment Guarantee Agency
dc.subjectnatural resources
dc.subjectnet debt
dc.subjectnew markets
dc.subjectnon-performing loans
dc.subjectoutsourcing
dc.subjectpolicy response
dc.subjectpolitical institutions
dc.subjectpolitical power
dc.subjectPolitical Regime
dc.subjectpolitical regimes
dc.subjectPolitical Risk
dc.subjectPolitical Risk Insurance
dc.subjectPolitical Risks
dc.subjectpolitical stability
dc.subjectpolitical system
dc.subjectpolitical systems
dc.subjectportfolio
dc.subjectPrivate Capital
dc.subjectPrivate Capital Flows
dc.subjectprivate creditors
dc.subjectPrivate debt
dc.subjectPrivate Investment
dc.subjectPrivate Investments
dc.subjectprivate investor
dc.subjectprivate investors
dc.subjectPrivate Market
dc.subjectproductivity
dc.subjectproperty rights
dc.subjectpublic policy
dc.subjectPublic utilities
dc.subjectrate of growth
dc.subjectregime change
dc.subjectregulatory agencies
dc.subjectregulatory frameworks
dc.subjectregulatory oversight
dc.subjectregulatory regime
dc.subjectrepayment
dc.subjectrepudiation
dc.subjectreputation
dc.subjectreputations
dc.subjectreturn
dc.subjectrisk assessment
dc.subjectrisk factor
dc.subjectRisk Management
dc.subjectrisk of expropriation
dc.subjectrule of law
dc.subjectSettlement
dc.subjectSovereign debt
dc.subjectsovereign risk
dc.subjectstocks
dc.subjectsub-national entities
dc.subjectsuppliers
dc.subjecttax
dc.subjecttax revenues
dc.subjectTerrorism
dc.subjectTransparency
dc.subjectTransparency Initiative
dc.subjecttreaties
dc.subjectunderwriters
dc.subjectunderwriting
dc.subjectwithdrawal
dc.subjectworld economy
dc.subjectWorld Trade
dc.titleWorld Investment and Political Risk 2011en
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2012-12-10
okr.date.doiregistration2025-04-15T12:05:31.208178Z
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid406821468183549505
okr.identifier.report73168
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicSocial Protections and Labor::Labor Policies
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.unitCredit Risk (CFRCR)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
73168.pdf
Size:
2.93 MB
Format:
Adobe Portable Document Format
Description:
English PDF
Download
No Thumbnail Available
Name:
73168.txt
Size:
282.58 KB
Format:
Plain Text
Description:
Text file
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
World Investment and Political Risk