Even if the discipline of measuring and analyzing political risks hasn´t been taken into much consideration by the main corporations and companies worldwide, today in an ever changing world and not much stable, plenty of unforeseen and unforecasted risks, managing and asessing tools for measuring political risks is one of the main tasks any company could ever have and acquire. Much has been said and told that political risk is a not very tangible variable to have in a macro plan for companies, but now that we are living in a world full of fault lines in each and every country, with decissions that affect the lives of many, the upsurge in actions such as worldwide maritime piracy, drug smuggling, civil and internecine wars, which all of these events can happen at any given moment with no accurate alerts such as for example the outburst of a political revolution like the ones happened in Ukraine, with the Arab Spring, and so forth, corporations in any economic field should have the capability and all the available means to assess these events, in order to minimize losses in any country they carry operations at any level. Take for example situations like the ones happened with SHELL in Nigeria (its oil production has suffered a very dramatic reduction of more than 50% because of the Niger Delta Tigers terrorist attacks aimed at SHELL and ENI off shore and on shore platforms and other oil facilities in this region), which could have been prevented if political risk had been taken into the highest consideration ever. Any political event that can change the whole landscape in a country suddenly can represent and pose a risk for companies, which has to consider this key factor more than ever today in an ever globalized and interconnected world where political changes are just around the corner, or put in Mr Brzezinski words, in times of "global awakening". Thats why political risk has much importance in the world nowadays, and not just financial risks.
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