DEVELOPING A COMPREHENSIVE METHODOLOGY FOR THE COUNTRY RISK ASSESSMENT MODEL

Abstract

Country risk assessment is vital for investors, policymakers, and multinational corporations operating in a globalized economy. The Country Risk Assessment Model (CRAM) Classification System offers a comprehensive framework for evaluating and categorizing the risk levels of different countries. This article elucidates the methodology underpinning the CRAM Classification System, detailing its theoretical foundations, data collection processes, and analytical techniques. The findings demonstrate the system's effectiveness in differentiating countries based on risk profiles and provide insights for enhancing risk assessment practices.