The New Economic Diplomacy, fifth edition, explores how states conduct their external economic relations, make domestic decisions, negotiate internationally and how these processes interact. It provides the reader with an understanding of - and the means with which to analyse - the processes of decision-making and negotiation in international economic relations and clarifies our understanding of 'economic diplomacy and how it can be understood as consisting of 'commercial diplomacy, 'negotiating international cooperation, 'economic statecraft and 'economic sanctions.
To capture the emergence of new trends and the intensification of old ones, this new edition focuses on:
Responses to geopolitics in economic diplomacy
The intensification of domestic pressures on decision-making in international economic relations
The weakening of multilateralism and emergence of a multipolar system
The continued importance of policy processes in responding to these challenges and
Case studies to illustrate how this economic diplomacy is affected by different domestic and international settings
This book will be of interest to scholars and students of the decision-making processes in foreign economic policy, including those studying international relations, government, politics and economics. It will also appeal to practitioners, those working in NGOs and others wishing to understand how decisions are taken and negotiations conducted.
1. What is economic diplomacy?
Steve Woolcock
2. An Analytical Tool Kit
Stephen Woolcock
3. Economic Diplomacy in Practice
Stephen Woolcock
4. Responses to Recent Challenges: China and the West
Ken Heydon
5. US Economic Diplomacy
Alexander Bobroske
6. Conceptualising Chinas new economic diplomacy: conversion between wealth and power
Professor Zhang Xiaotong
7. EU economic diplomacy: A decade of reckoning
Maaike Okano-Heijmans
8. United Kingdom Trade Diplomacy: lessons from the (re)establishment of an independent trade policy
John Alty
9. Tax Diplomacy: Kenyas Engagement in the Inclusive Framework (IF)
Andrew Nikko Osiany
10. World Trade Organisation (WTO) Negotiations - how to 'get it right'
Victor do Prado
11. Negotiating Climate Change: The importance of process in multilateral negotiations
Kate Helfenstein, Joseph Earsom, and Frauke Pipart
12. Negotiating International Economic and Financial Cooperation: The global financial crisis and its aftermath
Stephen Pickford
13. Conclusions
Stephen Woolcock