According to Bismark, Politics is the art of possible and diplomacy is the art of making impossible possible.
Economic Diplomacy is art of serving economic security and strategic interests of the country by the country by the use of economic instrument in conduct of state to state relations.
Different Types of Diplomacy
Economic diplomacy is the art of serving economic security and strategic interests of the country by the use of economic instrument in conduct of state to state relation.
It includes building international coalitions to help countries recover from financial crises. It entails convincing host government leaders to apply the policies and measures most likely to strengthen their economics and provide jobs for their people.
Tools of diplomacy include sanctions, anti-money laundering and anti-corruption measures enforcement actions.
Economic diplomacy is concerned with economic policy issue. Policy decisions designed to influence exports, imports, investments, lending, aid, free trade agreements etc.
Economic diplomats also monitor and report on economic policies in foreign countries and give the home government advice on how to best influence them.
Checkbook diplomacy is used to describe a foreign policy which openly uses economic aid and instrument between countries to carry diplomatic favor.
Back channel diplomacy essentially creating a channel of communication with another government or with representatives of another government, that is discreet, that doesn't go through the official channel of diplomatic cables of using ambassadors and more formal methods of communicating.
back channel diplomacy relates to talk that are kept out of the view of not just people also from the view of much of the political and bureaucratic structure on each side that would normally be involved in negotiations.
Back channel can be facilitated by intermediaries or they can be direct conversations, sometimes both. Often, back channel are denied even as they are happening.
Back channels take place between two long-standing adversaries who have publicly stated that they will never talk to each other.
Commercial diplomacy is a diplomacy that focuses on development of business between two countries. It aims at generating commercial gains in the form of trade and inward and outward investment by means of business and entrepreneur.
Ship promotion and facilitation activities in the host country. Commercial diplomats undertake business facilitation activities in the field of : Trade, investment, tourism, country image, promotion of science and technology.
Commercial diplomacy assistance provides dedicated support to tackle both challenge and opportunities.
Culture diplomacy is a type of public diplomacy and soft power that includes at exchange of ideas, information, art, language and other aspect of culture among nations and their people in order to foster mutual understanding.
Examples of cultural diplomacy :
- Broadcasting of news and cultural programs
-Gifts to a nation which demonstrates thoughtfulness and repect
-Religious diplomacy including inter religious dialogue.
-Promotion and explanation of ideas and social policies.
Cultural diplomacy is critical to fostering peace and stability throughout the world. It possesses the unique ability to influence the 'Global Public Opinion' and ideology of individuals, communities and nations
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