05 February 2008 | Paul Snell
Insurance group Aon has ranked the world's economies according to their level of business risk.
The firm believes 25 of the world's 50 largest economies face elevated political and economic risk in 2008. The potential hazards include civil unrest, war, terrorism and non-payment of services by governments. It added businesses were becoming increasingly worried about damage to supply chains caused by factors such as the threat of bird flu, terrorist attacks and a rise in maritime piracy.
"I have noted a significant increase in the number of CEOs, CFOs and chief risk officers who are seeking a greater understanding of how their businesses are at risk in an increasingly complex global environment versus their primary risk concerns 10 years ago," said Miles Johnstone, director of political risk at Aon Crisis Management. "Risk is one of the fundamental drivers of the global economy and misunderstanding it can be fatal to a business."
Aon has produced a map highlighting the risk areas. This can be downloaded at http://www.aon.com/uk/en/drop/risk-map-08.jpg