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Geopolitical Risk on Stock Returns: Evidence from Inter-Korea Geopolitics

Geopolitical Risk on Stock Returns: Evidence from Inter-Korea Geopolitics
Author: Seungho Jung
Publisher: International Monetary Fund
Total Pages: 36
Release: 2021-10-22
Genre: Business & Economics
ISBN: 1557759677

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We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has experienced large and unpredictable geopolitical swings that originate from North Korea. To do so, a monthly index of geopolitical risk from North Korea (the GPRNK index) is constructed using automated keyword searches in South Korean media. The GPRNK index, designed to capture both upside and downside risk, corroborates that geopolitical risk sharply increases with the occurrence of nuclear tests, missile launches, or military confrontations, and decreases significantly around the times of summit meetings or multilateral talks. Using firm-level data, we find that heightened geopolitical risk reduces stock returns, and that the reductions in stock returns are greater especially for large firms, firms with a higher share of domestic investors, and for firms with a higher ratio of fixed assets to total assets. These results suggest that international portfolio diversification and investment irreversibility are important channels through which geopolitical risk affects stock returns.


Geopolitics, Supply Chains, and International Relations in East Asia

Geopolitics, Supply Chains, and International Relations in East Asia
Author: Etel Solingen
Publisher: Cambridge University Press
Total Pages: 321
Release: 2021-05-06
Genre: Business & Economics
ISBN: 110883356X

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An accessible overview of political, economic, and strategic dimensions of global supply chains in a changing global political economy.


Global Trends 2040

Global Trends 2040
Author: National Intelligence Council
Publisher: Cosimo Reports
Total Pages: 158
Release: 2021-03
Genre:
ISBN: 9781646794973

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"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.


The Geopolitics Reader

The Geopolitics Reader
Author: Gearóid Ó Tuathail
Publisher: Psychology Press
Total Pages: 302
Release: 2006
Genre: Architecture
ISBN: 9780415341486

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The extensively revised second edition of the 'Geopolitics Reader' draws together the most important political, geographical, historical and sociological readings of geopolitics in the early 21st century.


Geopolitics of the Knowledge-Based Economy

Geopolitics of the Knowledge-Based Economy
Author: Sami Moisio
Publisher: Routledge
Total Pages: 195
Release: 2018-02-19
Genre: Business & Economics
ISBN: 1317587774

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We live in the era of the knowledge-based economy, and this has major implications for the ways in which states, cities and even supranational political units are spatially planned, governed and developed. In this book, Sami Moisio delves deeply into the links between the knowledge-based economy and geopolitics, examining a wide range of themes, including city geopolitics and the university as a geopolitical site. Overall, this work shows that knowledge-based "economization" can be understood as a geopolitical process that produces territories of wealth, security, power and belonging. This book will prove enlightening to students, researchers and policymakers in the fields of human geography, urban studies, spatial planning, political science and international relations.


Water

Water
Author: Brahma Chellaney
Publisher: Georgetown University Press
Total Pages: 398
Release: 2013-07-25
Genre: Business & Economics
ISBN: 1626160120

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This is a pioneering study about the relationship between fresh water, peace, and security in Asia from the Middle East to Siberia but with a special focus on South and Southeast Asia. Asia is home to many of the world's great rivers and lakes, but its huge population and booming economies make it the most water-scarce continent on a per capita basis. Over extensive irrigation, pollution, and global warming add to the demographic and economic pressures on Asia's fresh water supplies. The location of the sources for much of South and Southeast Asia's fresh water is in the Chinese controlled Tibetan Plateau, and China's increasing exploitation of these water sources have created growing geopolitical tensions that could boil over into conflict. India is reliant on fresh water from Tibet, which gives the Chinese uncomfortable leverage over India and further exacerbates their unsettled border disputes. Vietnam, Bangladesh, Pakistan, and other countries of the region also find themselves in similarly vulnerable positions where water is scarce and the sources are increasingly being exploited and polluted upstream by the continent's most powerful country. Brahma Chellaney proposes strategies to avoid conflict and more equitably share and preserve Asia's water resources.


OECD Science, Technology and Industry Scoreboard 2011

OECD Science, Technology and Industry Scoreboard 2011
Author: OECD
Publisher: OECD Publishing
Total Pages: 208
Release: 2011-09-20
Genre:
ISBN: 9264123261

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The tenth edition of the OECD Science, Technology and Industry (STI) Scoreboard builds on 50 years of indicators development, looking at major trends in knowledge and innovation in the global economy.


Lee Kuan Yew

Lee Kuan Yew
Author: Graham Allison
Publisher: MIT Press
Total Pages: 221
Release: 2020-09-22
Genre: Political Science
ISBN: 0262539500

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CNN “Book of the Week” Featuring a foreword by Henry Kissinger The grand strategist and founder of modern Singapore offers key insights and opinions on globalization, geopolitics, economic growth, and democracy in a series of interviews with the author of Destined for War, and others “If you are interested in the future of Asia, which means the future of the world, you’ve got to read this book.” —Fareed Zakaria, CNN When Lee Kuan Yew speaks, presidents, prime ministers, diplomats, and CEOs listen. Lee, the founding father of modern Singapore and its prime minister from 1959 to 1990, has honed his wisdom during more than fifty years on the world stage. Almost single-handedly responsible for transforming Singapore into a Western-style economic success, he offers a unique perspective on the geopolitics of East and West. American presidents from Richard Nixon to Barack Obama have welcomed him to the White House; British prime ministers from Margaret Thatcher to Tony Blair have recognized his wisdom; and business leaders from Rupert Murdoch to Rex Tillerson, CEO of Exxon Mobil, have praised his accomplishments. This book gathers key insights from interviews, speeches, and Lee’s voluminous published writings and presents them in an engaging question and answer format. Lee offers his assessment of China’s future, asserting, among other things, that “China will want to share this century as co-equals with the U.S.” He affirms the United States’ position as the world’s sole superpower but expresses dismay at the vagaries of its political system. He offers strategic advice for dealing with China and goes on to discuss India’s future, Islamic terrorism, economic growth, geopolitics and globalization, and democracy. Lee does not pull his punches, offering his unvarnished opinions on multiculturalism, the welfare state, education, and the free market. This little book belongs on the reading list of every world leader.