I had gotten help with this question like 16 days ago but I am needing help with finding the in-text citations with the information received. Here are the references.

Chiu, Y. B., & Lee, C. C. (2020). Effects of financial development on energy consumption: The role of country risks. Energy Economics, 90, 104833.

Comfort, L. K., Kapucu, N., Ko, K., Menoni, S., & Siciliano, M. (2020). Crisis decisionmaking on a global scale: Transition from cognition to collective action under threat of COVID19. Public Administration Review, 80(4), 616-622.

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What are the political risks in the business environment between Italy and the United States?

Compare and Contrast

Italy and the United States have different political systems, and as a result, their political risk environment can vary.

Political risks in the business environment between Italy and the United States include:

Italy:

Government instability due to frequent changes in government and political parties

High levels of bureaucracy and red tape

Potential sovereign debt defaults

Strained relations with the European Union

United States:

Regulatory changes that could lead to changes in business practices

Political gridlock leading to budget shortfalls and reduced public spending

Changes in trade policies that could affect imports or exports

Uncertainty in the global economy, which can lead to economic downturns or stagnation.

Explanation:

The business environment between Italy and the United States is affected by the political and economic risks both countries face. Political risk is the potential for unexpected political events to disrupt the operations of a company or the market. This risk can be caused by a variety of factors, including changes in government, economic instability, and international relations. In this essay, we will discuss the political risks between Italy and the United States.

In Italy, the political risk environment is often characterized by government instability due to frequent changes in government and political parties. This instability can lead to unpredictable policy outcomes that can affect businesses. Additionally, the Italian government has a reputation for high levels of bureaucracy and red tape, which can make it difficult for companies to navigate the regulatory environment. Furthermore, Italy has seen a number of sovereign debt defaults in the past, which can lead to economic uncertainty and market volatility. Lastly, Italy's relationship with the European Union is strained, which can lead to changes in trade policies or other regulatory issues that can affect businesses.

In the United States, the political risk environment is largely driven by the country's federal government. Regulatory changes can lead to changes in how businesses must operate, leading to increased costs or decreased profits. Additionally, political gridlock can lead to budget shortfalls and reduced public spending, which can reduce the ability of businesses to compete in the market. It is also important to note that the United States is a major player in the global economy, and any changes in trade policy or economic uncertainty can affect businesses. For example, the recent trade war between the United States and China has led to increased tariffs and disrupted global supply chains.

In conclusion, the political risk environment between Italy and the United States can vary greatly, and businesses must be aware of the potential risks they face. In Italy, political instability, bureaucracy, and strained relations with the European Union can lead to unexpected policy changes or economic downturns. In the United States, regulatory changes, political gridlock, and changes in trade policy can also lead to unexpected changes in the business environment. By understanding the potential risks of doing business in either country, companies can better prepare for potential disruptions and plan for their long-term success.