Economic diplomacy as a state tool for protection of national interests in the field of foreign trade relations
Journal Title: Формування ринкових відносин в Україні. Збірник наукових праць - Year 2017, Vol 6, Issue 69
Abstract
The evolution of world economic diplomacy had briefly discussed in the article. Modern economic diplomacy is characterized by dynamism, offensive character, considerable openness, expansion, complicate tools, multivariateness and spatial configurations that create more favorable opportunities for the effective security of national interests in the face of globalization. Modern economic diplomacy is an important lever for strengthening international competitiveness of the country, gaining competitive advantages in the global market. The special role of economic diplomacy as an instrument for increasing the competitiveness of the national economy is confirmed by the growing attention paid to this type of activity by foreign governments. Economic diplomacy contributes to ensuring sustainable economic growth and raising the level of international image of states. All of this demands urgently the intensification of the activity of economic diplomacy, the strengthening of its role in promoting national economic interests in the international arena, the development of exports and other forms of foreign economic cooperation on the basis of equal and maximum profitable for the state. The questions of the effectiveness of Ukrainian economic diplomacy, particular in connection with the acquisition of associate membership in the European Union and the introduction of a free trade regime now have a great importance. A number of factors contribute to the increase of the efficiency of economic diplomacy, the key of which is a consistent foreign policy for strengthening national competitiveness. Among other important factors is the development of a nationwide foreign economic strategy. Great importance is the right balance between the priorities of economic diplomacy, its proper financial, organizational and personnel support. At present, economic diplomacy, as one of the most important functions of the state under globalization, becomes comprehensive, systemic, based on the close interaction of a wide range of state structures, public organizations and business alliances. Thus economic diplomacy and economic security have risen to the top of international policy agenda, driven by a mix of political and economic factors.
Authors and Affiliations
L. SHOSTAK, T. SOROCHYNETS
Keywords
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- EP ID EP278171
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