ECONOMIC DIPLOMACY IN THE CONTEXT OF ECONOMIC CRISIS

The 2007-2009 crisis brought back in the spotlight the need to employ economic diplomacy strategies in international economic relations. The present paper tries to reply to the following research question: how does the priority given to economic diplomacy translate into practice? The first section focuses on the academic insights in this field. The second section tries to identify some modern practices of economic diplomacy across various countries and suggests lessons that need to be learned. The third section presents a brief analysis on the economic diplomacy recent trajectory in Romania. The final consideration is that foreign and economic policy became more intertwined. Moreover, economic diplomacy activities are more intensive worldwide.