CONVERGENCE BETWEEN A NEW EU ECONOMIC DIPLOMACY AND INTERNATIONAL BUSINESS STRATEGIES
Journal Title: CES Working Papers - Year 2016, Vol 8, Issue 4
Abstract
Economic diplomacy is known as a symbol of the European Union and represents its primary function. With the development of science and new ways of communication, the European Union can organize a new approach for its economic diplomacy. The main advantage of the European Union as a soft power is that its economic and diplomatic interests are represented in a manner that is based not on confrontation but economic collaboration with other states. The disadvantage is that this domain is presently not used enough to represent EU interests. This paper describes economic diplomacy in general and the economic diplomacy of the EU in particular. Divided into three parts, the goal of this study is to outline the importance of economic diplomacy, its evolution, the influence of this domain on the creation of previous economic treaties, and its possible future impact on the development of new agreements between the European Union and its neighbour countries.The main methodology used is descriptive, presenting the evolution of this field and the new business strategies that can be used to improve cooperation at the eastern border of the European Union. Therefore here are presented the historical background of EU Economic diplomacy, its present issues and future challenges. The quantitative data used in this research paper are based on information from the EU website and on the actual events concerning debates about economic diplomacy and its future. The research questions presented herein follow the general evolution of this domain and its mutual influence with EU’s businesses strategies.
Authors and Affiliations
Nicoleta Vasicovschi
Keywords
Related Articles
- EP ID EP284204
- DOI -
- Views 106
- Downloads 0
AGEING POPULATION: COMPARATIVE ANALYSIS AMONG EUROPEAN UNION STATES
The aging population is a global phenomenon, which has affected almost all the EU states. The consequences are very important since it affects the socio-economic environment usually on the long run. Some of them could co...
CEE COUNTRIES ON THE WAY TO EMU - A GENERAL OVERVIEW
This paper aims at pointing out the evolution in real and financial plans in order to adhere to the EMU, using a comparative approach, on the example of Romania, the Czech Republic, Poland and Hungary. The main results o...
THE TRANSATLANTIC BLUE DIPLOMACY
The international diplomatic environment has reached to an unprecedented development, involving one of the newly specialized diplomatic types, namely the economic diplomacy. At the core of the fast movements in the diplo...
THE ACCURACY OF GENERAL GOVERNMENT BALANCE FORECASTS IN ROMANIA
Economic forecasts are an essential building block for a budgetary anticipation in order to determine the budgetary objectives and to sustain the tax and expenditure plans. In Romania the surveillance process is ensured...
PUBLIC EDUCATION AND ECONOMIC COMPETITIVENESS
There is a certain connection between education and economic competitiveness. The relation between these two concepts is easy to intuit. On the medium and long term investments in education generate a strong increase in...