This volume begins with an essay by Marie Gould that details the effects of globalization on international economic, political, and social frameworks. As Gould explains, globalization can have prominent political implications, especially when it comes to its influence on geopolitics, or the practice of using political power over a given territory. While geopolitics are often construed as being negative, Michael P. Auerbach explains how various elements of geopolitics can play a positive role in shaping national foreign policies. International economic governance organizations are another option when it comes to the formation of national economic policies. Simone I. Flynn outlines a number of these organizations, such as the G-20, the International Organization of Securities Commissions, and the Basle Committee on Banking Supervision. As a result of these newly formed corporations and their administration of business in foreign environments, organizations have become more wary in carrying out their operations. To help protect themselves, these businesses will often purchase political risk insurance and work to develop cross-border alliances. Flynn overviews both of these options and also provides information on other strategies that businesses can implement in order to mitigate political risk.