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Global Political Risk and Its Impacts on Business

October 24 - 25, 2016
NYU Washington Square Campus, New York City
$3,980 (travel and accommodation not included)


Program Overview

Changes in the global political environment can have sudden and massive impacts on business strategy. Today, more than ever, effective leaders need an acute and educated understanding of the drivers and measures of political risk. You and your organization need a plan for managing political risk exposure, asset allocation and market entry in frontier and emerging economies in order to survive and thrive.
NYU Stern Executive Education is pleased to offer one of the premier courses on global political risk and its impacts on business. Taught by Ian Bremmer, a preeminent thought leader on foreign policy and global political risk, and a team from the prestigious Eurasia Group, this course offers an executive-level assessment of the global risk environment and the basis for determining how politics influences a variety of economic concerns.


Unlike traditional risk management courses, participants will gain insight beyond finance and into regulatory and geostrategic risk management as it relates to business strategy.
This course will teach you how to build a solid theoretical, multi-disciplinary foundation for political risk analysis across diverse regions, markets and timeframes and apply this analysis to current, real-world problems and business concerns such as supply chain risk or portfolio investment allocation.
You will learn how to forecast geopolitical scenarios in which both state and non-state actors interact with evolving arenas of conflict to generate risks and opportunities for the macro-business environment. With the guidance of Eurasia Group’s experts, participants will explore key topics such as political transitions (scheduled and sudden), transnational geopolitical crises, state capitalism and other instances where political and economic management converge, as well as longer-term fissures in the global political order and shifting power dynamics.  You will examine distinctions between political risks in developed and emerging economies, and highlight best practices for making firm, predictive calls as to a country’s risk outlook.

Key Takeaways

  • Develop a political risk toolkit by learning how to anticipate the impact of government policies on your business operations and compare risks and opportunities across diverse markets. 
  • Gain familiarity with different dimensions of operational and investment challenges. Stay on top of important metrics and ahead of inflection points in your priority geographies.
  • Learn how to consider issues of political risk and opportunity from alternative frames of reference and identify geopolitical trends in order to advise clients, whether multinational corporations or financial market entities such as investment banks and hedge funds.
  • Independent investors will gain an invaluable lens through which to talk about risk and reward in challenging markets.

Additional Information

This program is eligible for Continuing Professional Education Credits (CPE). Please contact the NYU Stern Executive Education office for more information.

GARPThis program has been approved by GARP and qualifies for 14 GARP CPD credit hours. If you are a Certified FRM or ERP, please record this activity in your credit tracker at


The course will be team-taught by Professor Ian Bremmer, President and founder of Eurasia group, with several of Eurasia Group’s directors and practice heads. Eurasia Group, a leading political risk research and consulting firm founded in 1998, has offices in New York, Washington, and London, as well as a network of experts and resources in 90 countries. The firm provides analysis and expertise on how political developments and national security dynamics move markets and shape investments across the globe.

Ian Bremmer, Eurasia Group


Ian Bremmer is the president and founder of Eurasia Group. He is a prolific thought leader and author on the intersection between politics and markets. Professor Bremmer is the foreign affairs columnist and editor-at large for Time Magazine. He is also a regular columnist for the Financial Times A-List and has written hundreds of articles for many leading publications. He appears regularly on CNBC, Fox, Bloomberg, CNN, the BBC, and other networks. Dubbed the "rising guru" in the field of political risk by the Economist, he teaches classes on the discipline as a global research professor at New York University.

Professor Bremmer has published nine books, including the national bestsellers Every Nation for Itself: Winners and Losers in a G-Zero World and The End of the Free Market: Who Wins the War Between States and Corporations? His latest book, Superpower: Three Choices for America's Role in the World, hit the shelves in May 2015.

Professor Bremmer earned a PhD in political science from Stanford University in 1994 and was the youngest-ever national fellow at the Hoover Institution. In 2007, Professor Bremmer was named a Young Global Leader of the World Economic Forum, where he is the founding chairman of the Global Agenda Council on Geopolitical Risk. He is a senior fellow at the World Policy Institute and serves on the President's Council of the Near East.

Learn more about Professor Bremmer here.

Alexander Kazan, Eurasia Group

Practice Head, Emerging Markets Strategy
Areas of Expertise: Comparative EM political risk, macroeconomic policy, quantitative methods

Alexander Kazan, as a director of Emerging Markets Strategy, is responsible for the firm's comparative emerging market initiatives. Alex also led the development of the Political Risk Country Portfolio, a new comparative framework for analyzing the market pricing of political risk across emerging markets.

Alex previously led the Latin America equity strategy team at Goldman Sachs, where he developed and communicated the firm's view on Latin American equity markets to internal sales and trading desks and institutional investors. He also has worked at Daiwa Asset Management as an economist and investment strategist and at Bear Stearns covering Latin America as part of the Global Emerging Markets equity strategy team.

Alexander Kliment, Eurasia Group

Director, Eurasia, Emerging Markets Strategy
Areas of Expertise: Russian politics, economy and foreign policy, comparative EM political risk

Alexander Kliment focuses on Russian politics, with an emphasis on leadership dynamics, economic and monetary policy, and regional politics. Within the Emerging Markets Group, Alexander co-leads comparative assessments of political risk across the EM space. He joined the firm in 2006.

Alexander has worked as a journalist for the Financial Times (FT Tilt) in Sao Paulo, Brazil, where he covered economics, industrial policy, and urban development. He has also focused on urbanism in emerging markets as a program director at the Architectural League of New York, and worked for the Franklin and Eleanor Roosevelt Institute, providing research for a study project on reforming Russia's social safety net. Alexander has lectured on Russian politics in the US, Europe, and Moscow. He has also published articles in the Financial Times, Russia Profile, World Finance Review, World Politics Review, RealClearPolitics, as well as for Foreign Policy's "The Call" blog. Alexander appears regularly in the media, with television appearances on networks such as BBC, MSNBC, CNBC, FOX, Bloomberg and frequently provides commentary for publications including the Economist, New York Times, and Reuters.

Karthik Sankaran, Eurasia Group

Director, Global Strategy

Karthik Sankaran leads Eurasia Group's analysis of global financial themes and assists Eurasia Group's research platform in identifying and evaluating interactions among national politics, geopolitics and global asset markets.

He has 16 years of experience in financial markets on both the buy and sell sides. He was previously a portfolio manager at Covepoint Capital Advisors, a global macro hedge fund, for seven years, and prior to that he was a currency strategist at AIG Trading Group and Bank Julius Baer. Before entering the markets, he was managing editor of Emerging Markets, a publication distributed at the Annual Meetings of the IMF and World Bank and the major regional development banks. He holds BA, MA and MPhil degrees in modern European history from Columbia University with a thematic interest in the political economy of modernization. He has published in the Financial Times, Absolute Return, Latin Finance, AIG World Markets Advisory, Emerging Markets and the Quaderni dell'Istituto Orientale di Napoli. To varying degrees of fluency, he is competent in Hindi, Italian, French and German. 

Who Should Attend:

Although there are no formal education or background requirements, NYU Stern Executive Education Short Courses are designed for executives with at least five years of work experience. On average, short course participants have 17 years of work experience.

Our participants hail from over 40 countries. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.

Global Political Risk and Its Impacts on Business is designed for all executives, entrepreneurs, investors and other business professionals who have or plan to attain management level responsibilities at global organizations. Those interested in political economics and policy-making are also welcome to apply.

Program Session Details


Day 1


Session 1

Introduction to political risk: theory and practice
  • Key concepts in political risk
  • Geopolitical, country, and firm-level risks
  • Developed vs. emerging markets
  • Political risk as an industry and practice

Session 2
Political risks for financial markets
  • Political risks across asset class and market type
  • Vulnerability, capacity and the “confidence game”
  • Financial crises
  • Quantifying political risk and opportunity in emerging markets
Networking reception following the first day of class.


Day 2


Session 3

Political risks for corporates
  • Risks across sectors and market type
  • Expropriation and fiscal risks
  • Regulatory and operational risks
  • Risk mitigation and strategic planning

Session 4
Geopolitics and unconventional risks
  • War, peace, and great power politics 
  • Economic implications of a changing global order
  • Political risk in cyberspace/technology 
  • Climate change and natural disasters

Session 5
Immediate Applicability to Real World Scenarios
  • Your political risk toolkit
  • Risk management from a regulatory and geostrategic standpoint 
  • Operational and investment challenges.
  • Alternative frameworks for identifying geopolitical trends
Certificate ceremony and evaluations