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Economic diplomacy is a form of diplomacy that uses the full spectrum of economic tools of a state to achieve its national interests. [1] The scope of economic diplomacy can encompass all of the international economic activities of a state, including, but not limited to, policy decisions designed to influence exports, imports, investments, lending, aid, free trade agreements, among others.
Diplomacy is the communication by representatives of state, intergovernmental, or non-governmental institutions intended to influence events in the international system. [1] [2] Diplomacy is the main instrument of foreign policy which represents
Global studies (GS) or global affairs (GA) is the interdisciplinary study of global macro-processes. Predominant subjects are political science in the form of global politics , as well as economics , law , the sociology of law , ecology , environmental studies , geography , sociology , culture , anthropology and ethnography .
Diplomacy must remain central, whether in the context of full-scale war, escalating tensions, or protracted stalemates. So, how do we begin to account for the stagnation in global diplomacy?
FPA also draws upon the study of diplomacy, war, intergovernmental organizations, and economic sanctions, each of which are means by which a state may implement foreign policy. In academia, FPA is most commonly taught within the discipline of public policy within political science or political studies , and the study of international relations .
International relations (IR, and also referred to as international studies, international politics, [2] or international affairs) [3] is an academic discipline. [4] In a broader sense, the study of IR, in addition to multilateral relations, concerns all activities among states—such as war, diplomacy, trade, and foreign policy—as well as relations with and among other international actors ...
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
International political economy (IPE) is the study of how politics shapes the global economy and how the global economy shapes politics. [1] A key focus in IPE is on the power of different actors such as nation states, international organizations and multinational corporations to shape the international economic system and the distributive consequences of international economic activity.