Author Archives: Assistant Editor

Implications of China’s Pacific Dream for the United States, Australia, and Allies

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Journal of Political Risk, Vol. 10, No. 6, June 2022

Chinese Foreign Minister, Wang Yi, and Solomons Islands Minister of Foreign Affairs and External Trade, Jeremiah Manele, 2019. Source: cnsphoto

Yan C. Bennett
Princeton University

John Garrick
Charles Darwin University

It is apparent that Xi Jinping’s Chinese Dream now includes the Pacific Ocean where his Foreign Minister Wang Yi has undertaken a Pacific Islands tour of broad scope and ambition. While  China’s economy is stagnating, it nevertheless continues to drive for increasing its world power as Minister Wang aims to finalise the China-Solomons Security agreement and has hosted a Pacific Island Foreign Ministers meeting whilst in Fiji. Wang’s proposals have prompted strong responses from the United States and its allies in the Indo-Pacific, in particular Australia and New Zealand.

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Nixon and Kissinger Talk China: Satire

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Journal of Political Risk, Vol. 10, No. 5, May 2022

Former President Nixon and Henry Kissinger engrossed in conversation, 1972. Source: Wikimedia.

Tony Zielinski
Attorney at Law

Editor’s note: This satire is meant for purposes of humor and should not be interpreted as historically accurate. 

Henry Kissinger: Mr. President, I suggest we open up formal relations with Communist China and they will be our allies against the Soviet Union.

President Nixon: Do you feel we can trust their leader, Mao Tse Tung?

Henry Kissinger: Mao Tse Tung is the greatest mass murderer in history. He is responsible for more deaths than Adolf Hitler or Joseph Stalin.  He is a ruthless unscrupulous tyrant. So my answer is a most resounding yes.

President Nixon: Yes…I think I understand and can work with someone like that.

Henry Kissinger: A big challenge will be how we deal with Democratic and free Taiwan. They have been great friends and allies.  Communist China regards them as a renegade state and China will not rest until they conquer Taiwan and take away their freedoms. China will subjugate them to unspeakable brutality because they dared to have freedom of speech, freedom of press, and the right to vote for their elected representatives. Mao will never forgive them.

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Modelling the Country Risk of Zambia

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Journal of Political Risk, Vol. 10, No. 3, March 2022

Simon Muwando
University of Lusaka

Victor Gumbo
University of Botswana

Gelson Tembo
University of Zambia

Abstract

The world has experienced a dramatic increase in the flow of transnational investments following increased internationalization and globalization of firms in the previous decade. Country risk exposure is a cause for concern for all the institutions that are engaged in multinational trade and finance. The main objective of this study is modelling Zambia’s country risk. A mixed method with concurrent research design was employed. Personal interviews were the main instrument for collection of primary data and snowball sampling was used to select the interviewees. Secondary data was collected from the Lusaka Stock Exchange (LSE), Ministry of Finance, Bank of Zambia and Central Statistical Office. An autoregressive distributed lag technique was employed on annual data for the 1994 to 2018 period. This approach was chosen as it works best for small samples. The findings of the study revealed that the short run drivers for country risk of Zambia are beta, current account balance, political risk, unemployment rate and weighted short term interest rates. Current account balance was found to positively affect country risk while beta, political stability, and weighted short term interest rates negatively influence it.  The study findings established that the long run determinants of country risk of Zambia are current account balance, betas, political risk, and unemployment rate. From the study findings, current account balance positively influences country risk of Zambia whereas beta, and political stability negatively influence country risk of Zambia. The study concluded that the major determinant of country risk of Zambia in the short run and long run is current account balance as it has significant positive influence. Effective policies need to be implemented by authorities to manage or reduce persistent current account deficits and political risk, in order to manage country risk.

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Putin’s Folly

Posted on by Assistant Editor

Journal of Political Risk, Vol. 10, No. 2, February 2022

Protestors against 2022 Russia invasion of Ukraine, at the Hachiko square in Shibuya, Japan. Wikimedia.

Richard Shortt, Ph.D.
Leader of New Zealand’s multi-agency Combined Threat Assessment Group

The work of unravelling Putin’s folly in the Ukraine began February 24 with the firing of the first missiles and artillery shells that signalled his invasion. It will be slow, time-consuming work, assuming no national uprisings in either the Ukraine or Russia by ordinary folks demanding an end to the killing and destruction, or more significant interventions by Western powers – both of which I consider unlikely. It will, in all probability, take longer than the time Putin has left sitting on the Russian imperial throne. But it will happen.

We are currently in what I term the Chaos Phase of the work. This is where invasion leads to death, destruction, despair and defiance. It is the defiance that will ultimately lead us to the next phase, meanwhile, troops and civilians will die, infrastructure will be destroyed and damaged and people on all sides of the issue will watch in stunned horror at what modern warfare and forced occupation means in a modern-day European country.

The Russian forces will emerge victorious. There is very little doubt about that, but not before the Ukrainian efforts deliver martyrs who will fuel the next phase – Resistance. Continue reading →

South Africa’s Hidden Pandemic: Rape

Posted on by Assistant Editor

Journal of Political Risk, Vol. 10, No. 2, February 2022

Anti-femicide protest in Cape Town in response to the murder of Uyinene Mrwetyana. Wikimedia Commons.

Stephanie Wild
University of Cape Town

42,289. This is the number of women raped in South Africa in 2019. Such shocking levels of sexual violence have prompted President Cyril Ramaphosa to dub gender-based violence as a “second pandemic”, second only to COVID-19.  

Violence against women does not end there. Murder rates against women are also extremely high. A widely discussed statistic amongst South Africans is that a woman is murdered every four hours. This statistic was for the April to December 2016 period. The most up-to-date statistics are even more shocking. In the 2017 to 2018 period, a woman was murdered every 3 hours. Such data has prompted a discussion of what is now called “femicide.”

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