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(b) Grexit, Brexit, Trump, referenda, and the rise of populism in the European Union. 2016 was an uncertain and turbulent year in terms of political

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(b) "Grexit, Brexit, Trump, referenda, and the rise of populism in the European Union. 2016 was an uncertain and turbulent year in terms of political risk. For companies and investors, existing economic trends suddenly became less certain. Political risk is a term that is not regularly encountered in the risk frameworks of financial institutions. However, unexpected changes in policies could significantly impact existing business models. A hotly debated topic is to what extent the development of digitalization and policies of globalization have contributed to the emerging political risk in Western democracies, and how companies could anticipate such risk. (Source by Articles of The Impact of Digitalization and Globalization on Political Risk) Based on the statement above, explain FIVE (5) strategies to manage political risk

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