India topped on highest political and social risk : PERC
With concern setting in about the declining Indian rupee and share prices, there is more bad news for India: India next year will be much more vulnerable than regional peers, a Hong Kong-based political risk consultancy says.
“India topped the table with the highest political and social risk, scoring 6.87, mainly because of internal and external instability. PERC cited fears over Pakistan, a major player in the global war on terror. ” the Political & Economic Risk Consultancy (PERC) said in a report, whose executive summary is available on PERC’s website. zero represents the best socio-political conditions and 10 the highest risk.
PERC assessed 16 countries in its Asian Risk Prospects — 2009 on factors such as the risk of racial and communal tensions, struggle for power, the threat posed by social activism, and vulnerability to policy changes by other governments.
Thailand is pegged to be the next least stable country in Southeast Asia next year, scoring 6.28, as the current political mayhem and the separatist violence looks set to run into 2009.
Surprisingly, Malaysia, which escaped much of the wrath of the 1997 financial crisis, will be the third least stable in the region, with the report noting the political wranglings were aggravating racial and religious tensions.
“The status quo is changing in ways that will see a stronger political opposition than in the past and UMNO (the ruling party) forced to share more power with non-Malay groups,” the report said.
With concern setting in about the declining Indian rupee and share prices, there is more bad news for India: India next year will be much more vulnerable than regional peers, a Hong Kong-based political risk consultancy says.
“India topped the table with the highest political and social risk, scoring 6.87, mainly because of internal and external instability. PERC cited fears over Pakistan, a major player in the global war on terror. ” the Political & Economic Risk Consultancy (PERC) said in a report, whose executive summary is available on PERC’s website. zero represents the best socio-political conditions and 10 the highest risk.
PERC assessed 16 countries in its Asian Risk Prospects — 2009 on factors such as the risk of racial and communal tensions, struggle for power, the threat posed by social activism, and vulnerability to policy changes by other governments.
Thailand is pegged to be the next least stable country in Southeast Asia next year, scoring 6.28, as the current political mayhem and the separatist violence looks set to run into 2009.
Surprisingly, Malaysia, which escaped much of the wrath of the 1997 financial crisis, will be the third least stable in the region, with the report noting the political wranglings were aggravating racial and religious tensions.
“The status quo is changing in ways that will see a stronger political opposition than in the past and UMNO (the ruling party) forced to share more power with non-Malay groups,” the report said.
No comments:
Post a Comment