Can political risk be managed? If so, what methods can be used to manage such risk, and

Question:

Can be "managed?" If so, what methods can be used to manage such risk, and how effective are they? Discuss the lengths to which you would go to manage relative to the kinds of returns you would expect to gain?
Political Risk
Political risk is the risk an investment's returns could suffer as a result of political changes or instability in a country. Instability affecting investment returns could stem from a change in government, legislative bodies, other foreign...