Familiarize Yourself With The Seven Key Elements Of A Politi ✓ Solved

Familiarize Yourself With The Seven Key Elements Of A Political

Familiarize yourself with the seven key elements of a political risk study: Background factors. Key political individuals, groups, and institutions. Regimes most likely to be in power. Nature and magnitude of potential political turmoil. Forecast the likelihood of changes in government restrictions on international business. Likelihood that the government will significantly change import restrictions. Economic policies. After reviewing the seven key elements of a political risk study found above, choose a city/country that has hosted a major INTERNATIONAL sporting event such as the Summer Olympics, Winter Olympics, FIFA World Cup, or other major INTERNATIONAL sporting event. Examples might include: Tokyo hosting the Olympics in 2020, Qatar hosting the World Cup in 2022, Atlanta hosting the Summer Olympics in 1996, the 2026 World Cup partly being hosted in the U.S., or a mega sporting event closer to home. The city/country and year (past or future) is up to you. Then, discuss the event based on the seven elements above. 200 words

Paper For Above Instructions

The preparation and hosting of the 2022 FIFA World Cup in Qatar provides a significant case study for examining the seven key elements of a political risk study. Qatar, a small but wealthy nation in the Middle East, has gained global attention due to its ambitious plans to host this major international sporting event, which has key implications for political risks.

Background Factors: Qatar has experienced rapid economic growth due to its vast natural gas reserves, which have transformed it into one of the richest countries per capita. However, its geographical location, with political tensions in the surrounding region, poses substantial risks.

Key Political Individuals, Groups, and Institutions: The ruling Al Thani family holds significant power, and the country's political structure is largely autocratic. The government’s policies heavily influence infrastructural and social development, critical for hosting events like the World Cup.

Regimes Most Likely to Be in Power: Given Qatar's current political stability, the Al Thani family is expected to remain in control. However, any regional conflict could destabilize governance and impact international relations.

Nature and Magnitude of Potential Political Turmoil: Qatar has faced criticism over labor rights and political freedoms. Protests and backlash from various groups could manifest, especially from international observers and human rights organizations, creating a potential for unrest.

Forecast the Likelihood of Changes in Government Restrictions on International Business: Qatar aims to showcase its openness through this event, yet pressures from international entities may prompt the government to reassess certain restrictions in response to criticism.

Likelihood of Changes in Import Restrictions: As the World Cup approaches, Qatar may temporarily lift some import restrictions to facilitate the influx of goods necessary for the event. These changes reflect adaptation to international scrutiny and logistical needs.

Economic Policies: Qatar continues to diversify its economy beyond oil and gas, investing heavily in tourism and infrastructure. The World Cup serves as a catalyst for these economic reforms but also exposes the country to significant scrutiny and risk regarding its economic commitments.

In summary, the hosting of the FIFA World Cup in Qatar illustrates various political risk factors, including regional instability, governance structures, and economic policies shaped by the need to balance domestic concerns with international expectations, especially in light of the global attention brought by such a significant event.

References

  • Al Jazeera. (2021). Qatar's World Cup preparations face scrutiny. Retrieved from https://www.aljazeera.com/news
  • BBC News. (2022). Qatar's World Cup and labor rights controversy. Retrieved from https://www.bbc.com/news/world-middle-east
  • Smith, J. (2020). Analyzing political risk in the Gulf States. Middle Eastern Politics Journal, 12(3), 45-62.
  • Walker, T. (2022). The economic implications of hosting international events. Journal of Global Economics, 9(1), 102-118.
  • CNN. (2022). A guide to Qatar's World Cup preparations. Retrieved from https://www.cnn.com/sport
  • FIFA. (2022). FIFA World Cup Qatar 2022: An overview. Retrieved from https://www.fifa.com/worldcup/qatar2022
  • Global Risk Insights. (2021). Political risk assessment for Qatar. Retrieved from https://globalriskinsights.com
  • IMF. (2021). Qatar: Staff Country Report. International Monetary Fund. Retrieved from https://www.imf.org/en/Countries/QAT
  • Katz, A. (2021). Political stability in the Gulf: A comparative analysis. Gulf Studies Journal, 14(2), 23-40.
  • World Bank. (2021). Qatar: Economic Overview. Retrieved from https://www.worldbank.org/en/country/qatar/overview

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