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ON VARIOUS THEORETICAL ASPECTS OF ECONOMIC DIPLOMACY
Abstract
Economic diplomacy attracts an increasing level of interest from various areas of life ranging from academics in the fields of e.g. international relations, international economics and political economy through public servants responsible for foreign affairs, trade policy and promotion as well as their private and entrepreneurial counterparts to its former and active practitioners – all of them trying to identify its role in foreign and/or economic policy from their own particular perspective. However, many of them do not always apply the legal framework of contemporary diplomacy – the Vienna Convention on Diplomatic Relations – as the guiding principle and defining norm. The paper discusses various aspects of economic diplomacy from the theoretical viewpoint as well as the relations and specifics of its constituting vectors and streams (trade diplomacy, commercial diplomacy, financial diplomacy and others), levels of action (bilateral, plurilateral and multilateral as well as macro and micro). It focuses on institutional forms states apply in order to pursue economic interests abroad.
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