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Political risk is a fascinating yet not entirely objective field. As a result, it's hard for financiers and businesses to systematically or accurately incorporate political risk into decision-making. Foreign direct investment (FDI) has grown by a factor of 25 from 1980 to 2010, making it imperative that we get accurate measures of country risk. That's why a new NBER working paper may prove an important step forward.
In 1958, the Disney Company made a short film titled Magic Highway USA, which made several accurate predictions about what transportation and transportation infrastructure of the future would look like, including the existence of Global Positioning Satellite technology and digital highway traffic signs. If Disney were to remake Magic Highway today, what would it say about the future of transportation?