Economic Diplomacy

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.

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.

This Handbook positions economic diplomacy as a multidisciplinary field and presents state of the art research relevant to policy makers and academia around the globe focusing on four themes: the role of economic diplomats, the impact and evaluation of economic diplomacy, politics and trade and emerging markets. It offers academic, business and policy perspectives taking stock of knowledge produced with qualitative and quantitative research on Northern America, Europe, Africa, Asia and Latin America.

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.

Despite the consensus that economic diplomacy played a crucial role in ending the Cold War, very little research has been done on the economic diplomacy during the crucial decades of the 1970s and 1980s. This book fills the gap by exploring the complex interweaving of East–West political and economic diplomacies in the pursuit of détente. The focus on German chancellor Willy Brandt’s Ostpolitik reveals how its success was rooted in the usage of energy trade and high tech exchanges with the Soviet Union. His policies and visions are contrasted with those of U.S. President Richard Nixon and the Realpolitik of Henry Kissinger. The ultimate failure to coordinate these rivaling détente policies, and the resulting divide on how to deal with the Soviet Union, left NATO with an energy dilemma between American and European partners—one that has resurfaced in the 21st century with Russia’s politicization of energy trade. This book is essential for anyone interested in exploring the interface of international diplomacy, economic interest, and alliance cohesion.

The book presents an overview of the general aspects of trade uncertainty, a central element in the analysis of economic diplomacy, illustrating that some instruments, such as sanctions (both positive and negative), increase trade uncertainty, whilst others - multilateral trade policy, for instance - aim to reduce this uncertainty. Commercial policy and bilateral economic diplomacy are explored, and economic sanctions analysed. An extensive review of the literature and empirical investigations of 161 sanctions and the commercial relationships of 37 countries provide topical and empirical perspectives on how international diplomacy may both be a cost and a benefit of the key drivers of productivity growth. Finally, policy conclusions are drawn, and a future research agenda presented.

Diane Kunz describes here how the United States employed economic diplomacy to affect relations among states during the Suez Crisis of 1956-57. Using political and financial archival material from the United States and Great Britain, and drawing from pers

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.