Economic diplomacy

Economic diplomacy is the use of government recourses to promote the growth of a country’s economy by increasing trade, promoting investments, collaboration on bilateral and multilateral trade agreements and etc.

It can also mean the use of the economy to promote foreign policy objectives. Most commonly known are foreign aid and economical sanctions. 

Current trends include increasing collaboration between state and non-official agencies, and increased importance given to WTO issues, the negotiation of free trade and preferential trade agreements, double taxation avoidance, and alike.

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From our blog

New book: The Diplomacy of Ancient Greece: A Short Introduction

Earlier this year, we were intrigued by the discovery of the oldest intact shipwreck ever found – a Greek vessel from about 400BCE – on the bottom of the Black Sea. Ships such as this one carried trade, and with i...

Economic Diplomacy as Impetus for Domestic Reforms

Ryan Gener

Can diplomacy be utilised by a state for its own domestic economic reforms? I attempt to answer this rather unconventional question – particularly focusing on the Philippine context – in my Master in Contemporary ...

Social business: a change of paradigm for economic and development diplomacy?

Bernardo Javalquinto

Economic and development diplomacy are not neutral; in fact, they are always based on specific developmental and economic paradigms. Taking a step back, diplomats do well in re-thinking some of these paradigms. Last y...

Digital policy issues emphasised at the G20 Leaders’ Summit

Sorina Teleanu

G20 leaders had their annual summit on 4-5 September, in Hangzhou, China. The communique released at the end of the summit, as well as other documents agreed or endorsed during the meeting (such as the G20 Blueprint o...

Training and courses

Economic Diplomacy

Starting 10 Oct 22

Resources

2011

Economic Diplomacy: India’s experience

Kishan Rana is a widely published former Indian ambassador and Bipul Chatterjee, his co-editor, is the deputy executive director of the Indian NGO, and CUTS International is the the publisher of this book. Both editors are also trained economists. Their volume consists... Read more...

2014

Report of the Intergovernmental Committee of Experts on Sustainable Development Financing

Report of the Intergovernmental Committee of Experts on Sustainable Development Financing.... Read more...