Theoretical Principles of Economic Diplomacy

12 Pages Posted: 4 Jan 2016

See all articles by Dubravko Duby Zirovcic

Dubravko Duby Zirovcic

Dag Hammarskjöld University College of International Relations and Diplomacy

Date Written: January 4, 2016

Abstract

The term economic diplomacy has established itself in the Croatian sources as an umbrella term for all the activities of the national state to protect and promote its own economic interests in the international environment. Under the broader concept of economic diplomacy we distinguish the activities of economic diplomacy and commercial diplomacy. The economic instruments of foreign policy are divided into two major groups: economic (development) aid and economic sanctions. Contrary to these traditional concepts we have a newer phenomenon called 'country branding'. Some countries use different systems of organizations to promote their economic interests in the global environment, and such a system is called model of economic diplomacy.

Keywords: Keywords: economic diplomacy, economic and commercial diplomacy, economic aid and sanctions, country branding, national model of economic diplomacy.

JEL Classification: F49

Suggested Citation

Ziro, Duby, Theoretical Principles of Economic Diplomacy (January 4, 2016). Available at SSRN: https://ssrn.com/abstract=2710671 or http://dx.doi.org/10.2139/ssrn.2710671

Duby Ziro (Contact Author)

Dag Hammarskjöld University College of International Relations and Diplomacy ( email )

Ilica 242
Zagreb / Croatia, 10000
Croatia

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