Question

what do you mean by economic diplomacy ?​

Answer 1

Answer:

Economic diplomacy is concerned with the prediction of outcomes of future trade regimes and therefore it will need an understanding of market factors at work in a given global economic environment and in that process, a country will involve in making decisions in advancing economic interests.

Answer 2

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Eᴄᴏɴᴏᴍɪᴄ ᴅɪᴘʟᴏᴍᴀᴄʏ ɪs ᴄᴏɴᴄᴇʀɴᴇᴅ ᴡɪᴛʜ ᴛʜᴇ ᴘʀᴇᴅɪᴄᴛɪᴏɴ ᴏғ ᴏᴜᴛᴄᴏᴍᴇs ᴏғ ғᴜᴛᴜʀᴇ ᴛʀᴀᴅᴇ ʀᴇɢɪᴍᴇs ᴀɴᴅ ᴛʜᴇʀᴇғᴏʀᴇ ɪᴛ ᴡɪʟʟ ɴᴇᴇᴅ ᴀɴ ᴜɴᴅᴇʀsᴛᴀɴᴅɪɴɢ ᴏғ ᴍᴀʀᴋᴇᴛ ғᴀᴄᴛᴏʀs ᴀᴛ ᴡᴏʀᴋ ɪɴ ᴀ ɢɪᴠᴇɴ ɢʟᴏʙᴀʟ ᴇᴄᴏɴᴏᴍɪᴄ ᴇɴᴠɪʀᴏɴᴍᴇɴᴛ ᴀɴᴅ ɪɴ ᴛʜᴀᴛ ᴘʀᴏᴄᴇss, ᴀ ᴄᴏᴜɴᴛʀʏ ᴡɪʟʟ ɪɴᴠᴏʟᴠᴇ ɪɴ ᴍᴀᴋɪɴɢ ᴅᴇᴄɪsɪᴏɴs ɪɴ ᴀᴅᴠᴀɴᴄɪɴɢ ᴇᴄᴏɴᴏᴍɪᴄ ɪɴᴛᴇʀᴇsᴛs.

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