ON THE QUESTION OF THE HISTORY OF ECONOMIC DIPLOMACY

Authors

  • Nursultanova L.N. doctor of Hist. Sc., associated professor "Astana International University
  • Baissultanova K.Ch. cand. of polit. sc., professor Kazakh Ablai Khan UIRandWL

DOI:

https://doi.org/10.48371/ISMO.2023.53.3.016

Keywords:

economic diplomacy, history of development, state, trade relations, modernity, Hanseatic League, Silk Road, capitalism

Abstract

Mutually beneficial economic ties are increasingly important in the current context of international relations, in comparison to "hard" powers. The intensification of international economic relations has led to the development of economic diplomacy, which aims to meet the domestic needs of a country and occupies a special place in inter-state relations. Economic diplomacy plays a great role in implementing the goals and objectives of a state's foreign policy, increasing the competitiveness of the national economy, and its recognition throughout the world. The use of methods and techniques of economic diplomacy in improving the competitiveness of a country's economy has been effective in achieving this goal.

      This article analyzes the history and modern trends in the development of economic diplomacy based on the theoretical conclusions of scientists dealing with this problem. The history of economic diplomacy has its origins in the trade diplomacy of the ancient historical period and has passed through several stages in its development. A comprehensive study of economic diplomacy, including the means and methods used at different stages of historical development, is relevant both from a scientific and practical point of view. The historical comparative method is used as a methodological basis for the study of the problem raised in the article, which draws conclusions about the history of economic diplomacy.

        It was established that the development of economic diplomacy was associated with different periods of world history and changing geopolitical conditions. The complication of interstate relations and the increasing predominance of economic factors in them began with trade diplomacy in antiquity and depended on the domestic politics of the country. The results and conclusions obtained in the study of the history of economic diplomacy within the framework of this article can be used in the curricula for the training of future specialists. The study of the emergence of diplomatic methods and means at each historical stage allows us to determine the level of development of economic diplomacy in modern international economic relations and its role in achieving the strategic objectives of the state. Economic diplomacy has wide opportunities at the international level to introduce domestic business to foreign markets, support them, and create favorable conditions for the sale of their products in foreign markets.

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Published

2023-09-29

How to Cite

Nursultanova L.N., & Baissultanova K.Ch. (2023). ON THE QUESTION OF THE HISTORY OF ECONOMIC DIPLOMACY. BULLETIN of Ablai Khan KazUIRandWL Series “International Relations and Regional Studies”, 53(3). https://doi.org/10.48371/ISMO.2023.53.3.016

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