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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 main vehicle by which small states are able to ensure that their goals are addressed in the global arena. These factors mean that small states have strong incentives to support international cooperation.
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 ...
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?
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 .
The Peace of Westphalia marked an important restructure of the interstate system, including the widespread recognition of the sovereignty of the United Provinces, the first global hegemon. Immanuel Wallerstein wrote that the development of a capitalist world-economy created all of the major institutions of the modern world, including social ...
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.
Bilateralism is the conduct of political, economic, or cultural relations between two sovereign states. It is in contrast to unilateralism or multilateralism, which is activity by a single state or jointly by multiple states, respectively.