Describe the steps involved in assessing country risk once all relevant information has been gathered
1. Identify techniques to be used for assessing country risk:
a. checklist approach involves rating and weighting all identified factors.
b. Delphi technique includes collecting opinions and find deviation between them
c. Quantitative techniques using regression analysis to find different macroeconomic risk factors.
d. Inspection visits meeting in person with exectives, bureaucrats etc.
2. Assign values and weights to various factors of risk and make a model of assigning ratings.
3. Comparing risk ratings across varoius countries, this entails making a matrix based on financial, political, macroeconomic risks and ranking countries based on their scores.
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