American Business Diplomacy Strategy

Author: Zhang Li Lue
Publisher:
Publish Date: 2005-08-22
Features: Commercial Diplomacy (CommercialDiplomacy) is an international political economy concept that originated in the 1940s but was ultimately formed in the 1990s and is closely related to international relations and trade policy. Major developed countries achieve their global strategies through the formulation of commercial diplomacy strategies, and commercial diplomacy is increasingly becoming a strategic choice for emerging economies to gain global competitiveness. Internationally, the United States is one of the earliest countries to interpret this concept. With the end of the Cold War, the theme facing all countries in the world is to secure a share in global economic growth. Therefore, commercial interests and economic security have become an important part of national competitiveness in the new context, and commercial diplomacy issues involve modern political economy analysis that integrates the world economy and political issues into the same framework. The United States is one of the earliest countries to implement commercial diplomacy strategies. The shift from political diplomacy to commercial diplomacy is both a result of adjustments in U.S. trade policy and foreign strategy and an inevitable outcome of changes in the global economic and political environment. Commercial diplomacy is a new field of international political economy research. Due to its rich connotations, it has become an essential component of global strategy research in the new era for countries around the world. The political economy analysis framework of commercial diplomacy comprehensively summarizes all aspects of current international and domestic politics and economics, connecting governments—interest groups—businesses together. Through theoretical and empirical research, it seeks breakthroughs in the field of international political economy research.