一、全球商品价格处于上升周期对于跨国经营的企业而言,东道国政府政策变动无疑是最大的政治性风险之一。在许多情况下,东道国政府的政策变动甚至足以构成“蚕食式征用”(creepingexpropriation,又称“间接征用”)风险。在以初级产品开发为导向的跨国经营活动中, I. Global commodity prices are in a rising cycle For transnational companies, the host government policy change is undoubtedly one of the greatest political risks. In many cases, the host government’s policy changes are even enough to constitute a risk of “creeping expropriation,” also known as “indirect expropriation.” In a multinational business activity oriented on primary product development,