Abstract
Economic diplomacy is the use of diplomatic apparatuses and strategies to promote a country’s economic interests abroad. This involves negotiating favorable trade agreements with other countries, attracting foreign investment, or facilitating international cooperation in areas such as technology transfer or development assistance, tourism promotion and use of economic intelligence to promote the economic wellbeing of a country. The conventional international economic order comprises of Breton-wood institutions, world trade organizations and global resource control of advanced economics such as G7 group. However, the emerging order involves the rise of new economic powers in the developing world such as BRICS group, AIIB and the rising economic power of their currency including proposed BRICS currency. In this article, I will attempt to analyze the traditional as well as emerging trends that shape the new economic world order.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
