Economic Diplomacy: A Review

Abstract

This aim of this working paper is to present a review of the economic diplomacy (ED) literature. ED has adorned an increasing importance in international political economy and in inter-state relations, which has increased the multi-stakeholder nature of ED engagement, and brought with it a shift in the priorities and in the perceptions of public managers towards contemporary diplomacy. The findings of the paper are that all countries must pay at least some heed to the emergence of ED as international phenomenon given its salience to public value creation.

Keywords: economy, trade, diplomacy, international relations, development