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In order for an MNE to identify measure and manage its risks, it needs to define and classify these risks. Define the following political risks

In order for an MNE to identify measure and manage its risks, it needs to define and classify these risks.

Define the following political risks and provide one example in each case:

(a) Firm-specific risks.

(b)Country-specific risks.

(c)Transfer risk.

(d)Cultural and institutional risk.

(e)Global-specific risk.

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