J 2024

Strategy as an instrument of economic diplomacy

MARKOVÁ, Jana

Basic information

Original name

Strategy as an instrument of economic diplomacy

Authors

MARKOVÁ, Jana (203 Czech Republic, guarantor, belonging to the institution)

Edition

Economics Management Innovation, Moravská vysoká škola Olomouc, 2024, 1805-353X

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50201 Economic Theory

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

URL URL

Organization unit

University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.

Keywords in English

Economic diplomacy; strategy; economic policy instruments; Public Choice Theory; Public Policy Theory

Tags

International impact, Reviewed
Změněno: 9/9/2024 10:58, PhDr. Jana Marková, Ph.D.

Abstract

ORIG CZ

V originále

The paper focuses on strategies in economic diplomacy. Economic diplomacy as an economic dimension of foreign policy uses various instruments, one of which are strategies. The paper uses an analytical method, literature search and in the analytical part of the paper, which focuses on the comparison of specific strategies in economic diplomacy, the comparative method is applied to compare individual strategies and evaluate their effectiveness. The paper discusses the theoretical perspective on strategies and their importance in public policy, specifically theories by authors Buchanan, Stiglitz, North and Lindblom. Subsequently, the most important strategies of the Czech government, especially the Export Strategy of the Czech Republic 2012-2020 and the latest Export Strategy of the Czech Republic 2023-2033, are highlighted. The paper shows the important link between economic diplomacy and strategies, in the context of public policy theories, by finding elements that are relevant for strategic decision-making. The strategy in the new export promotion setting is based on the state and needs of the Czech economy and, in addition to export growth, should contribute to the transformation of the Czech economy into a knowledge-based economy that will be more competitive and resilient to external negative influences.

In Czech

The paper focuses on strategies in economic diplomacy. Economic diplomacy as an economic dimension of foreign policy uses various instruments, one of which are strategies. The paper uses an analytical method, literature search and in the analytical part of the paper, which focuses on the comparison of specific strategies in economic diplomacy, the comparative method is applied to compare individual strategies and evaluate their effectiveness. The paper discusses the theoretical perspective on strategies and their importance in public policy, specifically theories by authors Buchanan, Stiglitz, North and Lindblom. Subsequently, the most important strategies of the Czech government, especially the Export Strategy of the Czech Republic 2012-2020 and the latest Export Strategy of the Czech Republic 2023-2033, are highlighted. The paper shows the important link between economic diplomacy and strategies, in the context of public policy theories, by finding elements that are relevant for strategic decision-making. The strategy in the new export promotion setting is based on the state and needs of the Czech economy and, in addition to export growth, should contribute to the transformation of the Czech economy into a knowledge-based economy that will be more competitive and resilient to external negative influences.
Displayed: 7/11/2024 23:33