Griha laxmi magazine published this article page no 36 economic diplomacy is a foreign policy tool and is broadly defined as the aspect of diplomacy that focuses on international economic relations. it is therefore an art of serving economic political and strategic interests of the country by the use of economic instruments in conduct of international relations. it is designed to influence policy and regulatory decisions of foreign governments as well as those of international organizations. economic diplomacy is necessarily performed by the official representatives of the state but with the changing scenario today the private sector has an important role to play and function to perform in its successful implementation griha laxmi magazine subscription online.
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