Political risk analysis evaluates risks faced by governments, investors, and corporations from political instability and policy changes. It assesses risks from shifts in political power, conflicts, corruption, and other events. Political risk includes risks from a country's political system, economic system, legal framework, social stability, corruption, and security issues. Many actors underestimate political risks and rely too heavily on economic analysis rather than specialized political risk assessments. A thorough political risk analysis examines a country's government, policy process, political culture, and both domestic and external actors and public opinion. It also considers factors like governance, rule of law, and challenges to state authority from opposition groups or international actors.