Economic diplomacy and the liberal peace

Syed Mansoob Murshed

Chapter 16 in Research Handbook on Economic Diplomacy, 2018, pp 258-272 from Edward Elgar Publishing

Abstract: The purpose of the chapter is twofold. The first is to relate the theory of liberal peace to the notion of economic diplomacy. The second objective is to relate the greater economic globalisation outcome of economic diplomacy, and its counterpart liberal peace objective, to the incidence and nature of domestic conflict. Nowadays, civil war has become the dominant form of war, mainly in developing countries. But other forms of social conflict and unrest short of war are also emerging, especially in the wake of the growing global tide of rising inequality and relative deprivation since the current phase of globalisation gathered pace after c. 1980. This is also reflected in voting in democratic countries, for example, the referendum in favour of Brexit in 2016. A game theoretic model of interaction between the state and a dissident group over the degree of globalisation is also presented.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2018
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