The New Economic Diplomacy explains how states conduct their external economic relations in the 21st century: how they make decisions domestically, how they negotiate internationally and how these processes interact. Although the previous edition, published in 2011, was able to reflect the impact of the financial crisis and the immediate reaction to it, a lot has happened since then, and the atmosphere of economic diplomacy has darkened.
To capture the emergence of new trends and the intensification of old ones, the salient features of this new edition are:
The advance of China and other emerging powers at the expense of G7 governments, despite some setbacks;
Much greater activity in negotiating regional and plurilateral trade agreements, while the multilateral system struggles;
The persistence of problems exposed by the financial crisis, notably the long-running euro-zone crisis.
The interaction between domestic and external forces: the balance has shifted towards the domestic axis, with international agreement more difficult to achieve. This edition goes further in comparing the practice of different players, to reflect the greater diversity of economic diplomacy.
Based on the authors' work in the field of International Political Economy, it is suitable for students interested in the decision-making processes in foreign economic policy, including those studying international relations, government, politics and economics. It will also appeal to politicians, bureaucrats, business people, NGO activists, journalists and the informed public.
1. What is Economic Diplomacy?
Nicholas Bayne and Stephen Woolcock
2. Challenge and Response in the New Economic Diplomacy
Nicholas Bayne
3. Factors Shaping Economic Diplomacy: an Analytical Toolkit
Stephen Woolcock
4. How Governments Conduct Economic Diplomacy in Practice
Nicholas Bayne
5. NGOs in Economic Diplomacy
Duncan Green and Celine Charveriat
6. Serving the Private Sector: Indias Economic Diplomacy
Kishan S. Rana
7. Continuity and Change in the Politics of US Trade Relations with Russia
Craig VanGrasstek
8. Conceptualizing Chinas Economic Diplomacy: Conversion between Wealth and Power
Zhang Xiaotong
9. Brazilian Economic Diplomacy: Agriculture and the WTO Negotiations
Braz Baracuhy
10. European Union Economic Diplomacy
Stephen Woolcock
11. Economic Diplomacy and Small Developed Economies: the Case of New Zealand
Vangelis Vitalis
12. The Economic Diplomacy of Small and Poor Countries in the Global Trading System
Teddy Soobramanien
13. Lessons from the G7 and G8 for the G20 Summit
Nicholas Bayne
14. Negotiating Preferential Trade Agreements: Motivations and Effects
Ken Heydon
15. International Financial Diplomacy and the Crisis
Stephen Pickford
16. Climate Change Negotiations: Pushing Diplomacy to Its Limits
Joanna Depledge
17. International Investment Negotiations: a Case of Multi-level Economic Diplomacy
Stephen Woolcock
18. The Future of Economic Diplomacy
Nicholas Bayne and Stephen Woolcock
