BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES

CONCEPTUALISING ECONOMIC DIPLOMACY

Author: Mohammad Jasim Uddin

DOI Link: DOI: https://www.doi.org/10.56888/BIISSj2015v36n2a3

ABSTRACT

Conceptualisation of economic diplomacy is not a straightforward task as its boundaries involve actors, issues and contents, instruments and levels of, and states (with/by) practicing economic diplomacy. Economic diplomacy concerns how a state undertakes its national policy, how it negotiates and works with different states on the policy at multiple levels and how interaction between the two is administered. Although non-state actors now-a-days are influential, states are central to economic diplomacy that refers to interactions on trade and economy at multiple levels. Thus, economic diplomacy is more than an approach or a model that promotes a state’s economic security. This paper substantiates the argument that responsibilities of actors, countries with whom actors are to negotiate, issues at various levels and instruments employed by actors to facilitate the issues in their favour are vital for a country’s economic diplomacy. Hence, the paper aims at offering a comprehensive summary of issues relevant to conceptualize economic diplomacy.