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Illustrative: parties linked to secretariats and to each other

Risk Academy, led by the Nexus Consortium · Governance, Policy and International Affairs · Department of Peace, Conflict and Security

Rivalry, sanctions, instability, country risk and strategic dependencies

Geopolitical and political risk

Geopolitical and political risk covers risks that arise from the actions of states and political systems: geopolitical rivalry and fragmentation, sanctions and economic statecraft, political instability, expropriation and country risk.

01Scope

What the discipline covers

The subtopics its courses and labs teach.

Courses
In preparation
Levels
L2 Intermediate
Labs
Network lab, Map lab
  • Geopolitical rivalry and fragmentation
  • Sanctions and economic statecraft
  • Political instability and changes of government
  • Country and political risk assessment
  • Expropriation and contract risk
  • Elections and policy uncertainty
  • Chokepoints and strategic dependencies
  • Scenario planning for geopolitical shocks
02Maps

Build a twin of any place

Search any place or open the world; the layers and generators follow geopolitical and political risk on the planet map, the globe and in 3D.

The Horn of Africa and the Nile basin states: a flat plan of the faculty twin. 13 countries; First-level divisions, geoBoundaries gbOpen with a licence gate per boundary: read live when the 3D twin opens; Natural events, NASA EONET: read live when the 3D twin opens. Graticule every five degrees; countries (natural earth 1:110m) as outlines.
The Horn of Africa and the Nile basin states, Ethiopia, Kenya, Somalia, Sudan, South Sudan, Eritrea, Djibouti, Uganda and neighbours. Flat map of the same data: the 13 countries on a graticule and the numbers below. The globe opens on devices that can draw it, once its code has been checked; the live events and divisions load in the globe on request, each with its data date.
  • 13 countries
  • First-level divisions, geoBoundaries gbOpen with a licence gate per boundary: read live when the 3D twin opens
  • Natural events, NASA EONET: read live when the 3D twin opens
Credits and dates per layer are listed under the stage. Countries are raised on the globe for legibility.

Drag to turn the globe, Ctrl with the wheel to zoom. Keyboard: arrows turn, + and – zoom, 0 resets, V steps through the views, Escape clears.

Flat map of the same data: the 13 countries on a graticule and the numbers below. The globe opens on devices that can draw it, once its code has been checked; the live events and divisions load in the globe on request, each with its data date.

The boundaries, names and designations shown do not imply any judgement on the legal status of any territory, or any endorsement or acceptance of such boundaries. Countries: Natural Earth (public domain).

03Live map

Hazards and exposure in East Asia

Flood water, active fires and surface heat beside population and night-time lights, over East Asia.

The interactive map needs JavaScript; the layer list and sources are below.

Layers 3

Hazards and exposure

Latest available

NASA GIBS / EOSDIS · ASTER GDEM (METI, NASA) · Blue Marble (NASA) · © OpenStreetMap contributors (ODbL) · Natural Earth

Loading the latest NASA imagery.

Drag to move. Ctrl or ⌘ and scroll, pinch or the buttons to zoom; hover for the values under the pointer; reset returns to the region.

Hazards and exposure, framed on East Asia.Satellite and model products as NASA publishes them, each with its own date. They are indicators, not assessments of any place.

Data: NASA GIBS · ASTER GDEM · Blue Marble · © OpenStreetMap contributors · Natural Earth · NASA EONET · U.S. Geological SurveySources and licences

  • We acknowledge the use of imagery provided by services from NASA's Global Imagery Browse Services (GIBS), part of NASA's Earth Science Data and Information System (ESDIS). Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • We acknowledge the use of imagery provided by services from NASA's Global Imagery Browse Services (GIBS), part of NASA's Earth Science Data and Information System (ESDIS). Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • VIIRS near-real-time products (flood, land surface temperature, snow cover, corrected reflectance), NASA LANCE; imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • NASA Fire Information for Resource Management System (FIRMS), VIIRS 375 m active fire product, NASA LANCE; vector tiles via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • Center for International Earth Science Information Network (CIESIN), Columbia University. 2018. Gridded Population of the World, Version 4 (GPWv4): Population Density, Revision 11. NASA Socioeconomic Data and Applications Center (SEDAC). Licensed under CC BY 4.0. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). doi:10.7927/H49C6VHW. CC BY 4.0
  • VIIRS Black Marble night-time lights, NASA Goddard Space Flight Center; distributed by the NASA Level-1 and Atmosphere Archive and Distribution System (LAADS DAAC); imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • MODIS and VIIRS atmosphere products, NASA LANCE and LAADS DAAC; imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • ASTER GDEM is a product of METI and NASA (ASTER Global Digital Elevation Model V003, NASA LP DAAC); imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). Cite as: NASA/METI/AIST/Japan Spacesystems and U.S./Japan ASTER Science Team (2019). ASTER Global Digital Elevation Model V003. doi:10.5067/ASTER/ASTGTM.003. NASA open data
  • Made with Natural Earth. Free vector and raster map data @ naturalearthdata.com. Public domain
  • © OpenStreetMap contributors (ODbL), via NASA GIBS (coastlines, boundaries, roads and place names). Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). ODbL
  • Blue Marble, NASA Earth Observatory; imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into H3 cells where shown (modified). NASA open data
  • Context on the globe and flat map: coastlines, boundaries, roads and place names from NASA GIBS reference layers (OpenStreetMap data, ODbL, © OpenStreetMap contributors); Blue Marble imagery as an optional base; 3D terrain and the elevation read-out from the ASTER GDEM elevation colour index (5 m to 200 m classes, exaggerated for legibility). Boundaries are drawn as published and imply no position on any territory.
  • Globe: MapLibre GL JS 6.9.1, BSD-3-Clause, © MapLibre contributors.
  • Live events: NASA Earth Observatory Natural Event Tracker (EONET); events are indicative and keep their original source links.
  • Live: NASA EONET Events are indicative, not authority warnings.
  • Live: U.S. Geological Survey Events are indicative, not authority warnings.
  • NASA GIBS: We acknowledge the use of imagery provided by services from NASA's Global Imagery Browse Services (GIBS), part of NASA's Earth Science Data and Information System (ESDIS).
  • River discharge forecast, 30 days with range (GloFAS via Open-Meteo): Contains modified Copernicus Emergency Management Service information 2026; not a flood warning.
  • Weather data by Open-Meteo.com (https://open-meteo.com/), licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/).
  • Optional layers (10 sources in the layer list: live, forecast, observed and context) print their provider credit on the map and here when switched on; forecasts are model output and derived indices are estimates.

Layers and dates

  • Flood water, 3-day composite: VIIRS Global Flood Product, NASA LANCE · 14 Oct 2026
  • Active fires and thermal anomalies: VIIRS NOAA-20 375 m (FIRMS), NASA LANCE FIRMS · 13 Oct 2026
  • Population density, 2020: Population: CIESIN, Columbia University, Gridded Population of the World v4.11 (2018), NASA SEDAC, CC BY 4.0 · static
  • Land surface temperature, day, 8-day composite: VIIRS NOAA-20 Level 3, 8-day, NASA LANCE · 14 Sep 2026
  • Night-time lights, daily: VIIRS Black Marble (VNP46A2), NASA LAADS DAAC · 12 Oct 2026
  • Aerosol optical depth, daily: VIIRS NOAA-20 Deep Blue AOD, NASA LANCE · 13 Oct 2026

04The subject

The subject, methods and measures and debates and bodies

The field and its scope

For analysts, treasurers, investors and government planners who must monitor geopolitical rivalry, sanctions, instability and expropriation risk and plan for them without mistaking political judgement for forecasting.

05The method

From an annual hazard to a required return: how political risk prices an investment

Political risk enters an investment as a yearly probability of an adverse event and a loss given that event; compounded over the holding period they give the chance the asset survives intact and the return an investor must demand to break even.

Sources: Caldara and Iacoviello, Measuring Geopolitical Risk (2022); Kobrin, Political Risk: A Review and Reconsideration (1979); Jensen, Political Risk, Democratic Institutions, and Foreign Direct Investment (2008); Farrell and Newman, Weaponized Interdependence: How Global Economic Networks Shape State Coercion (2019); Felbermayr, Kirilakha, Syropoulos, Yalcin and Yotov, The global sanctions data base (2020).

06At a glance

At a glance, with 5 related topics

Geopolitical and political risk at a glance

risksacademy.comgovernance-policydiscipline

Geopolitical and political risk: 0 primary courses open, 1 in preparation and 2 also taught here, across 8 subtopics. Courses: RAS-411 L2 in preparation, RAS-410 L2 also taught here, RAT-220 L2 also taught here.RAS-411RAS-410RAT-220
Geopolitical and political risk at a glance
  • Open, 0
  • In preparation, 1
  • Also taught here, 2
  • Subtopics, 8
Course codes from the curriculum; study levels L1 to L4.
Twin builderBuild a twin of any placeWorked example: the Horn of Africa and the Nile basin states · 4 generators · 10 layers · 3 instruments
07Labs

How the subject is practised in labs

LabWhat you do in itCourses using it
Network labBuild dependency graphs, find critical nodes, trace cascades3
Map labRead hazard, exposure and boundaries on real maps1
08Console

How Geopolitical and political risk is taught, as a process you can run

Press Play to run this process from this page's own data.

09Practice

Practice, learning and connections

How technology helps and what risk it brings

10Take part

Take part in Governance, Policy and International Affairs

Start from who you are.

11References

Core references and where to begin

Start with Kobrin, then Farrell, then Caldara.

12Questions

Questions, answers and key terms

Is study here free?
Yes. Every course and learning material of Risk Academy, led by the Nexus Consortium, is free to study, self-paced or with a cohort. Ordinary participation has no fee; paid work, internships and fellowships are separate arrangements.
What does completing a course give me?
A completion record: the course, its version, the date and what was assessed, private by default and shared by you. It stacks into discipline, department and programme achievements. A record states what was studied and assessed and does not certify competence; it is not a licence, a professional title or an employment status.
Where do the data and the places come from?
Every faculty teaches on a twin of a real place built from open data; each layer carries its provider, licence and date, and every result on the Academy states its source. Maps and figures are indicators for teaching, never an assessment of a place.
How do I take part beyond the courses in geopolitical and political risk?
Form a competence cell of three to seven people, study a shared pathway, take a supervised assignment in the National Working Groups, or bring a cohort from your institution. For organisations.

Key terms

Term

Geopolitical fragmentation

The division of the world economy into rival blocs with fewer shared rules and less trade between them.

Term

Economic statecraft

The use of economic tools, such as sanctions or export limits, to pursue political aims.

Term

Political risk

The risk that political decisions or instability change the value or viability of an activity.

Term

Country risk

The combined economic, political and transfer risks of exposure to one country.

ReportsContribute

Contribute evidence from this page.

Reports is the Consortium's quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.

Risk Academy
Geopolitical and political risk

Prepare with a related course

Open courses in connected disciplines teach the methods this discipline will build on.