Risk Rules

Four political analysts explore the importance of local issues to global business and politics in this fully updated edition of The Kimchi Matters.

Today’s focus on globalization has obscured the fact that political stability and economic growth are determined at the local level. Investors and foreign policymakers set themselves up for failure when they don’t consider the unique local dynamics of a particular country or region. This is equally true for companies venturing abroad and for politicians facing geopolitical challenges.

In their 2003 book The Kimchi Matters, the authors demonstrated how globalization made it more important than ever to understand the political economies of distant countries. Now they have returned to that acclaimed work with updated accounts of situations around the world—including in Russia, India, China, Argentina, and Brazil—and refine the principles they laid out in the first edition.