Subject : Risk Management

Explain the methods of reducing exposure to existing country risk, while maintaining the same amount of business within a particular country. The methods of country risk are stated below:

$1)$ Use a short$-$term horizon

$2)$ Hire local labor

$3)$ Borrow local funds

$4)$ Obtain insurance

$5)$ Create join ventures

$($Please provide detailed explanation, elaboration and example of each method stated above.$)$