Political risks analysis using open data

Abstract

Political risk, which often is called country risk, refers to how and how much politics may affect a business or a market in which a business operates, due to acts of political nature such as demonstrations or sanctions etc. In this study we utilized a political risk framework which was “invented” for the needs of the study, using data that already available and accessible by anyone, using Open Data in other words. Open Data is a tendency today, especially in the European The data used in this essay come from institutions like the World Bank, Eurostat, OECD, Elstat and others. In the study we find definitions of Open Data and Country Risk. Subsequently, we present a historical review of Country Risk Assessment from the late 1880 until today. Then we analyze the proposed risk model in every component and then we moving towards an example risk assessment “using” Greece. Finally, the structure of the study ends up to a final chapter in which the conclusions are given.