This book aims to identify what components are needed for economic diplomacy in today’s rapidly changing world, looking at the nature, focus and tenets of economic diplomacy, and the differences between economic diplomacy and commercial diplomacy. Further, it considers the new kind of diplomacy that will be required for emerging markets, in contrast to maintaining the traditional techniques used for economic diplomacy between states. The author emphasises the negotiating techniques necessary for successfully engaging in economic diplomacy in the current diplomatic atmosphere. Importantly, it also discusses how to pursue economic diplomacy at international fora and with regard to private foreign investments. Lastly, it addresses the role of non-governmental organisations in economic diplomacy. Given its scope, the book will benefit not only practicing diplomats, but also graduate students.
The New Economic Diplomacy explains how states conduct their external economic relations in the 21st century: how they make decisions domestically; how they negotiate internationally; and how these processes interact. It documents the transformation of economic diplomacy in the 1990s and early 2000s in response to the end of the Cold War, the advance of globalisation and the growing influence of non-state actors like private business and civil society. Fully updated, the second edition reflects the impact of the campaign against terrorism, the war in Iraq and the rise of major developing countries like China and India.Based on the authors' own work in the field of international political economy, it is suitable for students interested in the decision making processes in foreign economic policy including those studying International Relations, Government, Politics and Economics but will also appeal to politicians, bureaucrats, business people, NGO activists, journalists and the informed public.
Economic diplomacy was declared in 2013 by Beijing as a priority in its "comprehensive" strategy for diplomacy. The political elite undertook to further invest in economic diplomacy as an instrument for economic growth and development. Globally, Chinese cooperation in multilateral economic processes has become critical to achieving meaningful outcomes. However, little understanding exists in current literature on the factors and mechanisms which shape the processes behind China’s economic diplomacy decision-making. Chinese Economic Diplomacy provides an understanding of the processes and practices of China’s economic diplomacy, with multilateral economic negotiations as the primary basis of analysis, specifically the UN climate change talks and the WTO Doha Round trade negotiations. It examines how early economic diplomacy in global governance contributed to the varied and evolving nature of its present-day decision-making structures and processes. Demonstrating how China’s negotiation preferences are driven by networks of political actors in formal and informal domestic and systemic environments, it also highlights the capacity of international negotiation practices to alter and re-shape China’s approach to multilateral economic negotiations. As a consequence, the book presents a framework for understanding China’s economic diplomacy decision-making processes that is systemically constructed by domestic and international agencies. Offering a Chinese perspective of the notion of economic diplomacy, this book will be of interest to students and scholars of Chinese Economics, International Relations and Political Economy.
The European Union is a key player in international economic relations, but its exact role and how it goes about making decisions and negotiating is often poorly understood within and especially outside the EU. This book provides a comprehensive analysis of the factors that determine the role of the EU in economic diplomacy.
Singapore, a small country with limited resources, has nevertheless played a significant role in regional and global trade negotiations. Its negotiators possess a wealth of knowledge and experiences and yet few have told their story. This book is a collection of sixteen essays by authors who have been closely involved in trade negotiations including GATT/WTO and bilateral free trade agreements. They share their experiences in such negotiations, how they promoted national interests and advanced the global trade agenda. It will appeal to readers who are interested in how international economic diplomacy is conducted, and Singapore's role and perspective as an open trading nation.
Including chapters from some of the leading experts in the field this Handbook provides a full overview of the nature and challenges of modern diplomacy and includes a tour d'horizon of the key ways in which the theory and practice of modern diplomacy are evolving in the 21st Century.
In a climate of enhanced global competition, attention for economic diplomacy has substantially grown, as much in the West as in other parts of the world. This book conceptualizes economic diplomacy and adds to a better understanding of its central place in the theory and practice of international relations. With original research from a number of thematic and regional perspectives, scholars from diplomatic studies, economics, international relations and political economy make this a unique multidisciplinary contribution to a burgeoning field.
Saudi Arabia, with its US alliance and abundance of oil dollars, has a very different economic story to that of Iran, which despite enormous natural gas reserves, has been hit hard by economic, trade, scientiy c and military sanctions since its 1979 revolution. Robert Mason looks at the effect that economic considerations (such as oil, gas, sanctions, trade and investment) have on foreign policy decision-making processes and diplomatic activities. By examining the foreign policies of Saudi Arabia and Iran towards each other, and towards the wider Middle East and beyond, Mason seeks to highlight how oil policy, including oil production, pricing and security of supply and demand, is the paramount economic factor which drives the diplomacy and rivalry of these two pivotal regional powers. By comparing the foreign policy of Saudi Arabia and Iran towards the international community and the US in particular, Mason presents the very different economic and political trajectories of these two countries. In the case of Saudi Arabia, it has long been oil which has given the country importance both within the region and on an international scale. This has made it a vital ally for the West, which culminated in the stationing of US troops on Saudi soil in the run up to the Gulf War of 1991. In contrast, Iran's 'resistance' strategy has, rather than concentrating on relationships with the West, instead looked to a number of other players, such as those in Central Asia and Latin America. Mason uses the Saudi and Iranian cases to illustrate the combination of ideological, geo-strategy and economic resources that have insulated these two regimes against internal and external pressures and resulted in their dominance in the regional system. By concentrating on the economic factors in alliance building and alliance deconstruction, Mason offers vital analysis for researchers of international relations in the Middle East and the processes involved in the formation of foreign policy.
This book presents a comprehensive framework, six pathways of connection, which explains the impact of public diplomacy on achieving foreign policy goals. The comparative study of three important public diplomacy practitioners with distinctive challenges and approaches shows the necessity to move beyond soft power to appreciate the role of public diplomacy in global politics. Through theoretical discussions and case studies, six pathways of connection is presented as a framework to design new public diplomacy projects and measure their impact on foreign policy.
