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Journals / Uluslararası Sosyal Bilimler ve Eğitim Dergisi / 2026 / Cilt: 4 Sayı: 6

Economic Diplomacy and International Trade

Giga Abuseridze(Riga Stradins University)0000-0003-2868-8719
Inga Paliani-dittrich0000-0001-6564-223X
Janis Grasis(Riga Stradins University)0000-0002-1394-9958
Emilia Alaverdov(Georgian Technical University)0000-0003-3282-172X
Nına Linde(The Institute of Economics of Latvian Academy of Sciences)0000-0002-1602-4926
Pages
11–22
Publication Date
2022-04-01
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

It is concluded that successful economic diplomacy should be grounded on a rules-based multilateral system, norms, and standards, broader foreign policy aims, bilateral and multilateral agreements, greater transparency, as well as a pluralistic approach to global rules to strengthen the multilateral trade system.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In the following paper economic diplomacy and international trade are analyzed.
📊
Key Findings & Data:The authors examine the basic components of economic diplomacy, its tools, objectives, and strategy.
💡
Conclusion & Impact:It is concluded that successful economic diplomacy should be grounded on a rules-based multilateral system, norms, and standards, broader foreign policy aims, bilateral and multilateral agreements, greater transparency, as well as a pluralistic approach to global rules to strengthen the multilateral trade system.
🔬Design:Araştırma Makalesi
📍Scope:Comprehensive Sample
⚙️Variables:European Union · General Agreement on Tariffs and Trade · Organization for Economic Cooperation and Development

Abstract

In the following paper economic diplomacy and international trade are analyzed. The authors examine the basic components of economic diplomacy, its tools, objectives, and strategy. The article also overviews the transformation of the international trade agenda and the impact of globalization on trade policy. Multilateral initiatives in the framework of the WTO, free trade, and open market are viewed as drivers in the long run. However, against the backdrop of globalization and pandemic, economic diplomacy remains a challenge. The authors suggest the WTO elaborate agenda and start procedural actions that would set the countries' economic, trade, and investment policies in alignment with their foreign and domestic policies to address the backlash against all-embracing globalization. It is concluded that successful economic diplomacy should be grounded on a rules-based multilateral system, norms, and standards, broader foreign policy aims, bilateral and multilateral agreements, greater transparency, as well as a pluralistic approach to global rules to strengthen the multilateral trade system.

Özet

In the following paper economic diplomacy and international trade are analyzed. The authors examine the basic components of economic diplomacy, its tools, objectives, and strategy. The article also overviews the transformation of the international trade agenda and the impact of globalization on trade policy. Multilateral initiatives in the framework of the WTO, free trade, and open market are viewed as drivers in the long run. However, against the backdrop of globalization and pandemic, economic diplomacy remains a challenge. The authors suggest the WTO elaborate agenda and start procedural actions that would set the countries' economic, trade, and investment policies in alignment with their foreign and domestic policies to address the backlash against all-embracing globalization. It is concluded that successful economic diplomacy should be grounded on a rules-based multilateral system, norms, and standards, broader foreign policy aims, bilateral and multilateral agreements, greater transparency, as well as a pluralistic approach to global rules to strengthen the multilateral trade system.

🔖

Cite This Article

Abuseridze, G., Paliani-dittrich, I., Grasis, J., Alaverdov, E., Linde, N. (2022). Economic Diplomacy and International Trade. Uluslararası Sosyal Bilimler ve Eğitim Dergisi, Cilt: 4 Sayı: 6, 11–22. https://ajindex.com/articles/1571551

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References (11)

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