Diplomatic Methods and Practice: Managing Economic Diplomacy and Technological Change

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DIPLOMATIC METHODS AND PRACTICE
DIPLOMATIC METHODS AND PRACTICE

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DIPLOMATIC METHODS AND PRACTICE
Economic diplomacy managing
This study generally emphasized on how economic diplomacy can be managed by determining
various functional areas of diplomatic practice. The paper mentioned about four core practices
regarding diplomacy including cultural diplomacy, economic diplomacy along military and
security diplomacy. Moreover, it has also been found that the diplomatic practices were
overlapped with each other in the context of categorizing the organizational principles referring
dominant functional area of any particular issue. The diplomatic practice mainly associated with
the various approaches with respect to managing the relationship with the economy along with
security or cultural issue most probably. According to the study diplomatic practice can be
divided into two significant parts in the context of practice related to security and economic
issues. The divisions of two categories are recognized as negotiation processing and agree upon
the particular functional relationship handling along with the process of enforcement and
implementation.
It found that the study emphasis on the concept of the WTO dispute settlement mechanism along
with the Treaty of Europe armed force in the context of determining the political diplomacy
expertise and skills. The study also helps to found that the core principle area of diplomatic
management which lies in the economic relationship including international trade, monetary
stability, economic development along with foreign direct investment. The economic relationship
with the foreign market can be handled by developing the policy of foreign direct investment
along with analysis of external business factors which may influence the sustainability of any
business.
In the context of examining the contemporary functional areas of diplomatic practice, the study
mainly focused on the various significant factors. The factors lie upon international trade,
Investment or cross-border capital flows, Finance and banking market, economic development
and migration issues. Moreover, the role of crisis management was also focused on the paper
which compares with economic diplomacy. The section of international trade helps to gather
knowledge about the trade relationship of ancient and medieval time along with the beginning of
international trade changes with human civilization. Moreover, the international trade section
also helps to found the information regarding various international trade treaties such as GATT,

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DIPLOMATIC METHODS AND PRACTICE
WTO, etc. In the context of applying the policies of treaties it is suggested that the national
legislation regarding trade treaties must be managed by the Dispute settlement bodies.
Besides, the section of investment sheds its light upon the relationship of diplomatic
management with respect to the cross border capital flows along with investment-related issues.
Moreover, it also helps to understand trade flow and investment flow based upon the service and
good exchange policies. On the other hand, monetary cooperation helps to understand the issues
to maintain the stability of exchange rates between orderly exchange rates and currencies
adjustment. Moreover, this section also highlighted the case scenario of poor communication
regarding monetary policy coordination with governmental terms. Apart from this it also
provides various significant examples of monetary cooperation such as contractual monetary
policy adoption, In addition, this the sector of economic development and financial market helps
to summarized about how Accounting standard board helps in influencing proper accounting
system which may result in creation and diplomats of monetary stabilization.
Diplomatic process and technological change
This study generally focused on the shifting of diplomatic actors along with venues regarding
diplomacy in the context of examining the diplomatic process more deeply. The chapter
generally emphasized on the proper diplomatic activity representation and communication. On
the other hand, the study also highlighted the primary function of the diplomatic process in the
context of establishing diplomatic relations with an effective management team. The study
evaluated that diplomatic relationship mainly stands for the positive relationship of management
such as the relationship of government and public constituency.
However, the entire discussion of the chapter mainly sheds its light upon the various
technological changes within the diplomatic process of current decades. On the other hand, it
also helps to analyze how technological changes may affect the concept of the diplomatic
process. The core focus of the study generally lies upon the effect of technological changes
within the diplomatic process including public diplomacy flowering. Apart from this, it has also
been analyzed that the paper focused on the broad discussion regarding the significant changes in
public diplomacy. The discussion regarding public diplomacy helps to understand the different