Even in free-market countries like the US and Canada, governments are showing increased support of privatization. Economic Risks Economic risks are prominent globally. Firms engaging in international business are continually monitoring economic risks to maximize corporate revenues. Because of the frequency of change with economic risks, governments and foreign business environments are continually monitored to detect changes, but positive and negative. The text provides an excellent commentary on the variety of economic risks prominent in the global society today.
Import restrictions are of particular importance.
Advocates of free market thinking are vocal adversaries to increasing import restrictions. The World Trade Organization, the International Monetary Fund, and the OECD advocate increased exports and imports. Firms buy country risk assessments from commercial providers. Multinationals will also have internal departments continually assessing risks associated with a particular government. Because government practices and policies change comparatively quickly in some countries, a CRA, to be useful, must be up to date.