This is Not a Game of Risk

Thursday, May 27, 2010
Each year, Aon's political risk and trade credit experts, together with Oxford Analytica, analyze the political and economic risk climate in more than 200 countries.

Their findings are illustrated in the annual update of Aon's Political and Economic Risk Map. The map is an invaluable tool for anybody with responsibility for political risk assessment and management.

According to the 2010 Political Risk Map, Cuba is ranked towards the bottom as a high risk country.

As Cubapolidata explains, the rating is based on Cuba's risk of currency in-convertibility and transfer; strikes, riots and civil commotion; war; terrorism; sovereign non-payment; political interference; supply chain interruption; and legal and regulatory risk.

In contrast, Colombia and Panama are ranked towards the top as medium-low risk countries.

So why would House Agriculture Committee Chairman, Collin Peterson of Minnesota, seek to expand commerce with the high-risk Cuban dictatorship, while simultaneously opposing expanding trade with the much lower-risk democratic nations of Colombia and Panama?

Must have an affinity for high risk.

Unfortunately, this is not a game.