000			02101 a2200193 4500
020			_a0801432316
020			_a9780801432316
082	0	4	_a368
090			_c1275 _d1275
100	1		_aHaufler, Virginia.
245	1	0	_aDangerous commerce : _binsurance and the management of international risk / _cVirginia Haufler.
260			_a[S.l.] : _bCornell University Press, _c1997.
300			_a205 p. ; _c23 cm.
500			_aHardcover.
520			_aAs businesses search increasingly for opportunities beyond their national borders, they face the risk that political change in other countries will jeopardize their efforts. Anything from minor shifts in regulations to sudden revolutions can threaten business investment, trade, and credit. Virginia Haufler shows that a crucial factor in the expansion of global markets has been the private sector's creation of a sophisticated insurance industry to redistribute the risks entailed in foreign commerce, a privately constructed safety net for international transactions. Haufler believes that the network of relationships and institutions established by the insurers constituted a privately led regime for the management of international risk. She analyzes political risks insurance during three periods of substantial uncertainty: the era from the turn of the century to the beginning of World War I, when British global power began to wane; the interwar years, leading up to the collapse of world trade and a second world war; and the "debt crisis" decade of the 1980s. Public and private involvement in supplying insurance against international risks has varied depending on demand, the availability of resources, and the norms of what can be insured. As the scale and complexity of risks have expanded, Haufler suggests, responsibility has shifted from commercial insurers first to the state and now to multilateral institutions.
856	4	0	_3Amazon.com _uhttp://www.amazon.com/exec/obidos/ASIN/0801432316/chopaconline-20
856	4	0	_3Amazon customer reviews _uhttp://www.chopac.org/cgi-bin/tools/azrev.pl?q=0801432316
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