WORLD ECONOMIC DIPLOMACY

Abstract

Traditional studies in the field of diplomacy have long been based on realistic and neorealistic approaches to international relations, which gave rise to a state-centric analysis of mainly political programs, giving way to economic issues. However, recently scientists have begun to pay attention to international relations that go beyond security. Thus, there has been a significant change in the study of diplomacy, with an emphasis on a better understanding of the processes and practices underlying economic diplomacy. New concepts of diplomacy have emerged, such as catalytic diplomacy, network diplomacy and multi-stakeholder diplomacy, which offer new tools for recognizing the wide variety of State and non-State actors in diplomatic practice, as well as for exploring the diverse and changing characteristics of diplomatic processes. In this context, two main topics in the study of diplomacy can be distinguished: The first is the role of a diplomat as an agent in international political economy, the second is how to fit into a diplomatic department for officials who do not belong to the state or the Ministry of Foreign Affairs. In the changing environment caused by globalization, economic diplomacy stimulates the development of various diplomatic methods and practices in new and existing economic forums. Four key ways of economic diplomacy have a significant impact on the management of modern globalization: commercial diplomacy, trade diplomacy, financial diplomacy and the provision of consular and visa services in connection with increasing immigration flows. The development of these methods of economic diplomacy has shaped our understanding of diplomats, their role and ways of its implementation.