The impact of economic diplomacy over national economic security. Case study on Eastern Partnership region

Corneliu Munteanu

Ekonomika a Management, 2015, vol. 2015, issue 3

Abstract: Economic security has been and will be a key concept in international economic relations. In the 21st century, an era of globalization, new technology, new actors, new issues, economic diplomacy proves its monopoly over international economic relations. An efficient foreign affairs representant is ever more essential to a state’s security, economic and social welfare. Saying this, we stress that economic diplomacy cannot be separated or even became crucial component from the totality of tools used to assure economic security. The EaP region is facing a number of challenges which are mostly resulting from the internal situation, but also determined by the external environment. Thus, diplomats are key players in strengthening the economic dimension of security, in negotiations to establish market rules and regulations, the dissemination of the huge impact that EU values have on national economy, the promotion and implementation of economic policies, and the advocacy of public and private economic interests. Summarizing, when there is strong external economic activity economic security is enhanced for both sides, for the „home” country and for its partners.

Keywords: Economic security; Economic vulnerability; Threats; Agencies; Economic diplomacy; Commercial diplomacy; Investments; Economic security; Economic vulnerability; Threats; Agencies; Economic diplomacy; Commercial diplomacy; Investments (search for similar items in EconPapers)
JEL-codes: F50 F52 H50 (search for similar items in EconPapers)
Date: 2015
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