An Economic and Development Theoretical Approach within the Framework of Economic Diplomacy

Abstract

Economic diplomacy is an effective tool for countries that work to strengthen their international hegemony or build economic or political relations with other countries to support their foreign and internal policies by seeking to provide loans and aid to other countries as well as imposing economic and political sanctions. This indeed falls under what is called economic diplomacy. Markets and the profit of regional areas have become an arena for competition between developed countries that have taken upon themselves the implementation of an economic policy known as economic diplomacy, which varied between economic aid and economic sanctions. The first is represented by providing aid, gifts, and grants to countries. Either sanctions are in the form of an economic embargo, freezing the funds of the penalized country, or through... Cutting economic aid.