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PROBABILITY OF UNPROCLAIMED DEFAULT AND ITS INGERENTION IN SOVEREIGN COUNTRY RISK
Abstract
Government decisions may result in the overall downturn in the country's excessive protectionism. Government uses the economic advantage of the domestic industry to foreign investors, thereby creating two groups with an interest in the project in the system. Protectionism has many reasons, one of which is to protect the country before the entry of foreign partners in key industries such reason protection of national security and an independent foreign policy. Political risk is for the most part perceived as the opportunity to put into play so-called “black holes” in the rupture of reciprocal national relations on three levels: a breakdown of political relations between the domestic and foreign country, within the domestic country, and between the foreign country and a third country. The events which result, either directly or indirectly, from such a breakdown can be designated as political risk. Political risk is the type of risk which can appear, can be taken on or transferred. Usually it is connected with the granting of consent which is conditioned by a political decision at any level of the state apparatus or with the risk of political change which presumes consequences and estimated change of economic events.
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