• 제목/요약/키워드: Political risk

검색결과 184건 처리시간 0.043초

시민참여를 통한 과학기술 거버넌스: STS의 '참여적 전환' 내의 다양한 입장에 대한 역사적 인식론 (Scientific Governance through Public Participation: Historical Epistemology of Divergent Positions in the Participatory Turn of STS)

  • 현재환;홍성욱
    • 과학기술학연구
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    • 제12권2호
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    • pp.33-79
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    • 2012
  • 이 논문의 첫 번째 목표는 참여적 전환이라는 최근 STS의 흐름 속에 미묘한 차이를 가지는 여러 입장들이 존재한다는 것을 드러내는 데 있다. 이러한 차이를 이해하는 것은 STS에서 논하는 과학기술 거버넌스와 위험 연구자들이 발전시킨 위험 거버넌스의 여러 모델 사이의 차이와 공통점, 그리고 접점을 모색해 보는 작업을 위해 매우 중요한 선행 작업이 될 수 있다. 이 논문의 두 번째 목표는 그 차이를 이해하기 위해서 2000년대가 아니라 1970년대와 1980년대로 거슬러 올라가서 당시 STS의 서로 다른 방법론들이 만들어지면서 나타났던 이론적인 차이가 2000년대 이후의 참여의 문제에서 상이한 입장의 근거가 되었음을 보이는 것이다. 모든 사상과 이론은 역사성을 가지고 있고, 실타래처럼 엉켜있는 그 역사적 과정을 풀어 헤쳐 보는 것은 지금의 차이의 연원을 이해하고, 궁극적으로 그 차이를 좁힐 수 있는 가능성을 모색하기 위해서 필요한 것이기 때문이다. 이 논문은 STS 참여적 전환의 '역사적 인식론'(historical epistemology)에 대한 것이며, 그 목표는 STS가 공유할 수 있는 미래의 정치적 인식론(political epistemology)을 모색해 보는 것이다.

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글로벌 프로젝트 파이낸스 최근 동향 및 상업위험 분석 (Global Project Finance Trends and Commercial Risk Analysis)

  • 김상만
    • 무역상무연구
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    • 제61권
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    • pp.273-302
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    • 2014
  • Project finance ("PF") is a method of raising long-term debt financing based on lending against the cash flow generated by the project alone. Project finance is a nonrecourse or limited recourse financing structure against the sponsors(or the investors). The debt terms in a project finance are not based on the creditor's credit support or on the value of the assets of the project. Lenders rely on the future cash flow to be generated by the project for debt repayment and interest, rather than the value of the project or the credit ratings of the sponsors. The non-recourse or limited recourse financing usually prompt potential project finance lenders to assess carefully all possible risks that might arise in a project to ensure that those risks are mitigated and controlled. In this respect, project finance is a opposite financing method of corporate finance. Project finance has rapidly grown over the last 20 years due to the worldwide process of privatization of public sector and development of natural resources. Global project finance volume reached the record USD 406.5 billion in 2011. In 2012, however, Global project finance volume dropped 6% to USD 382.3 billion. Infrastructure overtook Energy to lead all sectors with USD 113.6 billion. It is generally recognized that there are more and higher risks in project finance compared with corporate finance. Project finance is exposed to commercial risks as well as political risks. The main commercial risks are completion risks, environmental risks, operating risks, input supply risks, revenue risks, etc, and the main political risks are currency convertibility and transfer risks, expropriation risks, war and civil disturbance risks, risks of breach of government concession agreement, etc. Completion risks include permits risks, risks relating to the EPC Contractor, construction cost overrun, delay in completion, inadequate performance on completion, etc.

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농식품안전 정책방향

  • 조장용
    • 한국환경농학회:학술대회논문집
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    • 한국환경농학회 2009년도 정기총회 및 국제심포지엄
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    • pp.3-18
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    • 2009
  • It is difficult for consumers to satisfy high safety request with post-management method such as inspection and surveillance, as various changes in-and-out of the country associated with food safety. In terms of food safety problems related to foods, it is crucial to recognize public health and consumer protection and construct pre-preventive Food Control System. A joint committee, FAO/WHO made the following consultations to the National Food Safety System. ${\circ}$ Approach entirely from farm to table ${\circ}$ Get ready for Risk Analysis System ${\circ}$ Secure transparency ${\circ}$ Establish the optimal policy by evaluating the effect of regulation When it comes to summarizing the consultation, it would be accumulated as two key words; "Efficiency" and "Credibility". Whereas the problem of efficiency focuses on precaution rather than post-management, it requires policy option to maximize consumer's benefit by evaluating the cost for the Food Safety Management and its benefit. Also, analyzing risk's character and amount, demanding an optimal means, and introducing scientific analysis system put much value on the stakeholder's communications are procedure's security which can satisfy both "Efficiency" and "Credibility" simultaneously. Especially, it is emphasized here that Risk Assessment need to be separated from Risk Management. This action is a valid means of credibility security throughout improving transparency. A number of nations and organizations have reformed the method of food management passing through reflection and examination of the prior National Food Safety Management since BSE occurred in Britain, 1996. FSA; Food Standard Agency, AFFSA, EFSA, BfR, and FSC are Risk Assessment Organization functionally separated from Risk Management Organization, JECFA, JMCFA, JMPR, JEMRA in Codex charge Risk Assessment internationally. In case of advanced countries excluding several those such as The U.S. and so forth, though these Risk Assessment Organizations are either separated functionally within Risk Management Organization or operated as apart organ, common factors are in which it has independence as Science Base. While securing independence of Risk Assessment Function, it is a tendency Risk Management should be functionally unified into efficiency as well. Though Germany constructs integral Risk Management System of diverse ways according to social and political conditions of each country such as GFOCP, DVFA, SNFA, CFIS and AQIS, there is a key word in the center, "Securing efficiency of Food Safety Management". However our nation has a representative plural;diversified system with The U.S., we took a step forward for unification as empowering policy's generalization;adjustment and Risk Assessment Function by means of enacting the "Food Safety Fundamental Law" in 2008 and establishing the "Food Safety Policy Commission" with private and governmental sectors in the Prime Minister's office. Even though the unification of Risk Management hereby increased, there is the lack of strengthening function of Risk Assessment and securing independence. It needs to be required for the professional committee in Food Safety Policy Commission to develop as a exclusive office of Risk Assessment by separating from a policy decision. Administrative Branches should reinforce feeble functions such as fundamental investigation;research for carrying out Risk Assessment with securing efficiency throughout reassessment of prior Risk Management Means.

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경제적${\cdot}$재무적 타당성분석 단계에서의 리스크 관리절차 연구 (Risk Management Process through a Phase of $Economic{\cdot}Financial$ Feasibility Study)

  • 박영민;김수용
    • 한국건설관리학회:학술대회논문집
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    • 한국건설관리학회 2003년도 학술대회지
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    • pp.454-459
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    • 2003
  • 인프라 시설에 대한 투자와 같이 대형 프로젝트를 진행하는데 있어서 타당성분석은 프로젝트 전체 투자의 규모, 기간 등을 결정하는 기초자료의 역할을 하게 된다는 점에서 매우 중요하다. 하지만 국내에서 수행된 타당성 분석의 경우 평가 기준이 불분명하고, 평가 방법이 체계적이지 못한 등 많은 문제점들을 가지고 있다. 이에 본 연구에서는 타당성분석의 많은 문제점들 중에서 최근 그 중요성이 더욱 더 커지고 있는 경제적 타당성분석 및 재무적 타당성분석에 따르는 문제점을 정리하고 개선책을 제시하는 한편, 타당성분석 과정에서 예측 가능한 리스크를 식별 이론적, 정책적 관리 방안을 이용한 프로세스 통하여 투자자나 사업주체로 하여금 리스크를 관리 할 수 있는 방안을 제시하였다.

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Private Equity Valuation under Model Uncertainty

  • BIAN, Yuxiang
    • The Journal of Asian Finance, Economics and Business
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    • 제9권1호
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    • pp.1-11
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    • 2022
  • The study incorporates model uncertainty into the private equity (PE) valuation model (SWY model) (Sorensen et al., 2014) to evaluate how model uncertainty distorts the leverage and valuations of PE funds. This study applies a continuous-time model to PE project valuation, modeling the LPs' goal as multiplier preferences provided by Anderson et al. (2003), and assuming that LPs' aversion to model uncertainty causes endogenous belief distortions with entropy as a measure of model discrepancies. Concerns regarding model uncertainty, according to the theoretical model, have an unclear effect on LPs' risk attitude and GPs' decision, which is based on the value of the PE asset. It also demonstrates that model uncertainty lowers the certainty-equivalent valuation of the LPs. Finally, we compare the outcomes of the Full-spanning risk model with the Non-spanned risk model, and they match the intuitive economic reasoning. The most important implication is that model uncertainty will have negative effects on the LPs' certainty-equivalent valuation but has ambiguous effects on the portfolio allocation choice of liquid wealth. Our works contribute to two literature streams. The first is the literature that models the PE funds. The second is the literature introduces model uncertainty into standard finance models.

소셜 빅데이터 기반 사회적 이슈 리스크 유형 분류 (Social Issue Risk Type Classification based on Social Bigdata)

  • 오효정;안승권;김용
    • 한국콘텐츠학회논문지
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    • 제16권8호
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    • pp.1-9
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    • 2016
  • 소셜미디어의 정치사회적인 활용도가 높아짐에 따라 소셜빅데이터 기반 온라인 동향분석 및 모니터링 기술에 대한 수요 역시 급증하고 있다. 본 논문에서는 이러한 요구에 부합, 특히 여론 형성의 악영향을 끼치는 부정적 이슈 탐지를 위해 사회적으로 파장이 큰 이슈 중 공공여론이 부정적으로 형성될 이슈를 '리스크'로 정의하고 세부 유형을 분류한다. 리스크 유형 정의를 위해 뉴스 문서집합을 대상으로 전수조사를 실시하였으며, 이슈 분야 즉 도메인별 특성을 파악하여 세부 유형을 정의한다. 또한 뉴스와 같은 공적미디어를 통해 정의된 리스크 유형이 개인화된 소셜 미디어에 나타난 리스크 유형과 어떤 차이가 있는지를 알아보기 위해 교차분석을 수행한다. 조사 결과에 따라 6개의 도메인별로 58개의 세부 유형을 정의하고 기계학습 방법을 통해 자동 분류 학습 모델을 구축한다. 실험 결과를 통해 소셜 미디어에 나타난 사회적 이슈 리스크를 자동으로 탐지, 분류가 가능함을 보인다.

이해관계 갈등조정의 위기와 기회 - 소비자단체소송제도의 도입 - (Risk and Opportunity of Interest Conflict Settlement : Introduction of Consumer Collective Lawsuit (Verbandsklage))

  • 민현선;장주성
    • 한국디지털정책학회:학술대회논문집
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    • 한국디지털정책학회 2006년도 춘계학술대회
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    • pp.39-44
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    • 2006
  • The purport of this paper is to deduce political implication and significance of the proposed redress scheme of 'Consumer Collective Lawsuit (hereinunder "CCL")' under way to be introduced by the Korean government via various assessments per each phase of policy implementation process. To this end, the paper classifies the subject policy (referring to CCL) implementation process into 4 phases: policy origination, policy enactment, policy advertisement, and policy execution. Based on the said classification, assessments per each phase together with pros and cons analysis have been conducted. Through the aforementioned analysis, the paper concludes the following political implication and significance of CCL under way of introduction: - 1. In the case of policy origination led by external parties, a social consensus by and from involved parties with various interests is the most critical; 2. Prior feasibility and/or suitability study is also crucial in the policy implementation procedure; 3. To mitigate inter-ministerial conflicts that might arise from the due policy making procedure, democratization of conflict settlement mechanism, and institutionalization of participation in and disclosure of policy making process are cal led upon; and 4. Prior planning wi th respect to the public relation and advertisements of the subject policy on the table poses substantial significance.

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The Role of Economics, Politics and Institutions on Budget Deficit in ASEAN Countries

  • NGO, Minh Ngoc;NGUYEN, Loc Duc
    • The Journal of Asian Finance, Economics and Business
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    • 제7권9호
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    • pp.251-261
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    • 2020
  • The paper examines the role of some determinants of economics, politics and institutions on the budget deficit volatility in some countries of the Association of South East Asian Nations (ASEAN) such as Indonesia, Thailand and Vietnam. The paper uses the fixed effects model (FEM) and the random effects model (REM) to investigate panel data of these countries in the period of 1990-2018. Moreover, the study also explores ordinary least square (OLS) to analyze time-series data for each country in the same period to make comparison among them. The economic data is collected from international financial statistics and world development indicators. The data on political variables are collected from International Country Risk Data Guide (ICRG). The empirical results both confirm that corruption and political stability are important indicators of budget deficit. Besides, the paper suggests authorities should pay more attention on improving the institutional setup of the economy in order to avoid high and unstable deficit. The findings offer new insight on the budget deficit in essence and suggest that the most important thing need to be done ahead is to strongly implement anti-corruption actions. By doing so, the status of budget deficit would be remarkably improved immediately.

Setting a Direction for United States Water Policy

  • Reid, Kenneth D.;Engberg, Richard A.
    • 한국수자원학회:학술대회논문집
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    • 한국수자원학회 2010년도 학술발표회
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    • pp.121-121
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    • 2010
  • The water resources of the United States are increasingly at risk and the nation's water policy is in serious difficulty. Water resources protection laws primarily passed since 1950 often contradict water resources development laws passed before 1950. These contradictions complicate efficient and effective responses to the nation's water resources challenges including climate change, our aging infrastructures, changing population dynamics, drought, floods, wetlands and aquatic species loss, ecosystem restoration and many others. In addition, water law and policy determination, management and enforcement are so broadly distributed between, local, state and federal responsibilities that effective responses again are difficult. For example, at the national level alone, more than a dozen federal agencies have water resources responsibilities including resource development, resource assessment, and resource protection. They are presided over by six cabinet (Ministerial) departments, at least 13 congressional (parliamentarian) committees and 23 subcommittees, and are funded by five appropriations subcommittees. Lastly, good science and the public accountability associated with it are often overshadowed by political considerations at local, state and federal levels. The United States approach to solving water resources challenges is ad hoc - we address problems as they appear or as they merit political support rather than using good science to address our long term water resources needs.

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The Belt and Road Initiative in Lebanon: A Promising Initiative in a Complex Society

  • AL SHAHER, Shaher;ZREIK, Mohamad
    • The Journal of Asian Finance, Economics and Business
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    • 제9권2호
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    • pp.151-158
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    • 2022
  • The study aims to investigate Lebanese-Chinese relations within the framework of the Belt and Road Initiative. Lebanon formally joined the effort in 2017; this paper emphasizes Lebanon's geostrategic importance. The paper presents an assessment of the investment risks in Lebanon, which is considered an economically unstable country with a volatile security situation, with many internal and external political hurdles. The paper refers to the obstacles and challenges that the Chinese investor may face in Lebanese society. The study employs qualitative descriptive analysis to address the status of Chinese investment in Lebanon and the consequences of this partnership; the paper examines previous research related to the Belt and Road Initiative and the Lebanese political, security, and economic situation literature. Due to the deteriorating security situation, external intervention, and the economic crisis, the results reveal that Lebanon is not a top investment priority for China, which is a big impediment to China entering into economic cooperation with Lebanon. The findings of this study suggest that the Lebanese government should adopt an anti-corruption policy to build confidence for the Chinese investor, reduce unnecessary public spending, and hold a national dialogue to build confidence among the Lebanese parties.