Political, economic and social risks of developing countriesInternational trade barriers, for the most part, have long since fallen. In developed nations, markets are becoming saturated; specific natural resources are often depleted or nonexistent, and labor rates and material resources are too expensive. Meanwhile, emerging economies such as China, India or even Brazil are finally opening up to the rest of the world. For businesses this means the possibility of exploiting opportunities that are too often in short supply at a national level. However, opportunities do not come without risk; Foreign countries have different political, economic and social frameworks that influence multinationals in different ways, especially in developing countries where the socio-political and economic foundations can sometimes remain unstable. International managers can do very little to prevent the difficulties they face and have no control over the events that can influence these risks. It is therefore in every international manager's interest not only to understand the different risks they face, but also to be aware of the methods used to evaluate these risks. Although the issue divides risks into three different categories (political, economic and social), it has nevertheless It has been noted that all risks have political, economic and social implications. Therefore, to avoid confusion, this discursive essay will use Griffin and Putsay's risk categorization[1]:1. Government risks: risks that arise from government actions and/or influences (including legal and regulatory frameworks…)2. Non-governmental risks: risks that arise from non-governmental actions (terrorism...... middle of the document...... ------------ -- ------------[1] Griffin, R. & Pustay, M (1999) International Business, AManagerial Perception, New York, Addison-Wesley.[2] Holt, D. (1998 ) Management International, New York, The DrydenPress[3] Economist "The World in 2003"[4] Holt, D. (1998) International Management, New York, The DrydenPress[5] Holt, D. (1998) International Management, New York , The DrydenPress.[6] Griffin, R. & Pustay, M (1999) International Business, AManagerial Perception, New York, Addison-Wesley.[7] ibid[8] Woods, M. (1995), International Business, London , Chapman &Hall.[9] The Economist "The world in 2003"[10] The Chambers Encyclopaedia (2001), Edinburgh, Chambers HarrapPublisher.[11] Hill, C. (2003), International Business, New York, TheMcGraw -Hill Irwin.