Having Studied International Business for 7 years in College, I learned to make judgements basd on risk. This is how multinational companies decide where to do business Many of the concepts are applicable to you and I
If we llok at risk and our tolerance for risk, we can help understand a lot of the emotional feelings we get when thinking about where to live abroad
There are various types of Risk Polittical Risk might include Democratic traits, Historical Performance, govenment Stability, coups, civil rights, corruption, management, education, social services Economic risk looks at things like inflation, currency stability, economic performance, employment, demographics and Age of Pupulation, crime levels Personal Risk varies by individual but the choices we make impact things like cost of living, quality of healthcare, happiness, accessibility, friendliness toward Expats We want to limit risk but remember that Risk and return are related,expect lower returns with lower risk Some countries are more of a gamble for appreciationn so understand your motivations.
Risk - A Tool for Decision Making Where to Live or Invest Abroad? Steve Linder – Pacific Lots of Costa Rica www.PacificLots.com