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A New Approach to the Analysis of Geo-Political Risk.

Authors :
ORMEROD, PAUL
RIORDAN, SHAUN
Source :
Diplomacy & Statecraft; Dec2004, Vol. 15 Issue 4, p643-654, 12p, 1 Diagram, 1 Graph
Publication Year :
2004

Abstract

Traditional geo-political analysis has a poor record. In particular it has problems in capturing the complex inter-relationships between key factors, and the positive and negative feedback loops which make prediction difficult if not impossible. This paper argues that new techniques, derived from complexity and network theory, offer powerful new tools for both analysis and strategic decision making. The paper focuses on fuzzy cogntive mapping. An illustrative example examines the prospects for disintegration in China. Although highly simplified, this example shows how this technique is able to derive conclusions difficult or impossible to achieve through traditional analysis, and its potential for strategic decision makers, whether in the private or public sector. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
09592296
Volume :
15
Issue :
4
Database :
Complementary Index
Journal :
Diplomacy & Statecraft
Publication Type :
Academic Journal
Accession number :
15276004
Full Text :
https://doi.org/10.1080/09592290490886757