economic diplomacy

South Korean President Park Geun-hye said on Monday her country must use the "second Middle East boom" as a new engine for economic growth, as she plans to visit Kuwait and three other Gulf States from March 1, Seoul's official public broadcaster KBS reported. 

Prime Minister Narendra Modi will ask New Delhi's envoys in over 160 countries to focus on economic diplomacy to help government attract investment and transform the 'Make-in-India' campaign a success to boost growth during the annual heads of missions conference that started in Delhi on Friday. 

The new Sri Lankan government will find that it has its work cut out just containing Chinese influence in the country, let alone fulfilling the Indian dream of eliminating it altogether. The growth of Chinese influence in Sri Lanka may slow, but Beijing is in the region for the long haul.

The continuous engagement through economic diplomacy helps a country like Liberia in advancing its economic interests and equally and importantly, those of its partners. (...) Economic diplomacy pools skill personnel in government and the private sector to understand and negotiate trade, investment and economic issues from the national development perspective of a country’s strength, limitations, opportunities and threats.

President Joko “Jokowi” Widodo has appealed to all diplomats to act like salespeople. During his election campaign he also outlined his vision, focusing on people’s economic welfare, in particular in rural development, agriculture, fisheries, marine resource development and infrastructure.

As Beijing is trying to shift its economic focus to quality from quantity, the central government is also becoming increasingly interested in demonstrating its so-called "soft power" to the rest of the world.

As China reshapes its economic diplomacy under its president, Xi Jinping, considered to be the most powerful leader in the post-Deng Xiaoping era, the reinvigoration of the ancient Silk Route has drawn its focus.

China's two-pronged Silk Road initiative, including overland and maritime linkages, has won accolades from leaders across Asia.  China is keener on fostering economic cooperation than building strategic alliances.

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