Basic Principles of Interdisciplinary Risk Management

Abstract

The article presents basic principles of risk management, i.e. risk identification
and analysis, risk assessment and specification of its variants, and
methods of risk limitation and elimination. It highlights an issue of increasing
information resources of various fields and branches of economy. It extensively
discusses an issue of how to effectively counteract diversified risk. The
theoretical presentation of Risk Management was illustrated by examples
originating from international trade.