| ID | 138364 |
| Title Proper | Economic diplomacy-the making and un-making of India |
| Language | ENG |
| Author | Sen, Dipavali |
| Summary / Abstract (Note) | On the global scene, India has recently been playing tactics of Economic Diplomacy. A statecraft, Economic Diplomacy is an attempt to arrive at some agreement between nations that was not coming about by itself. It involves negotiation and tries to prevent any violent conflict like war. It is extra-market, and takes the countries concerned beyond market equilibrium solutions indicated by mainstream economic theory. This article points out that it is in contrast, if not in contradiction, with prevalent theories on foreign trade. In 2004 the Association of Indian Diplomats had traced it to countries of Europe but this article emphasizes that economic diplomacy was practiced in India itself in epic as well as mediaeval times. |
| `In' analytical Note | World Focus Vol. 36, No.4; Apr 2015: p.34-41 |
| Journal Source | World Focus 2015-04 36, 4 |
| Key Words | Economic Diplomacy ; WTO ; India ; Economic Security ; Self Reliance ; Trade Theory ; Making India |