Economic Diplomacy and Foreign Policy-making
This book aims to identify what components are needed for economic diplomacy in today’s rapidly changing world, looking at the nature, focus and tenets of economic diplomacy, and the differences between economic diplomacy and commercial diplomacy. Fu
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Economic Diplomacy and Foreign Policy-making
Charles Chatterjee
Economic Diplomacy and Foreign Policy-making
Charles Chatterjee Institute of Advanced Legal Studies University of London London, UK
ISBN 978-3-030-49046-1 ISBN 978-3-030-49047-8 (eBook) https://doi.org/10.1007/978-3-030-49047-8 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Introduction
Economic/Commercial diplomacy is at the root of foreign policy-making by States; the importance of military diplomacy or diplomacy of security may not be denied, but if one takes “peace-making” seriously, then one should be able to establish one’s own hierarchy of diplomacies. Economic/commercial diplomacy is so crucially important in making friendship with other States and inter-State rapport that a State would reject it at its own peril. Indeed, the interplay between this type of diplomacy and foreign policy-making has become intertwined.1 Pigman maintains that commercial/economic diplomacy which has a very long and impressive history existed even before many of the current States were born.2 Economic/commercial diplomacy is not only concerned with providing negotiating techniques in inter-State trade and investment, policy-making but also with development of framework legislation addressed to the international community.
1 K. S. Rana, 21st Century Diplomacy, The Continuum International Publishing Group (2011). 2 G. Pigman, Contemporary Diplomacy, London Polity Press (2010).
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INTRODUCTION
The terms “economic diplomacy” and “commercial diplomacy” are often interchangeably used,3 but
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