Economic Diplomacy

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Questions and Answers

What is the relationship between 'economic' and 'commercial' in the context of diplomacy?

  • 'Economic' is a much wider term than 'commercial' (correct)
  • Both terms are interchangeable in diplomatic contexts
  • 'Economic' is a subset of 'commercial' diplomacy
  • 'Commercial' is a broader term that encompasses 'economic'

What type of aid issues fall under the rubric of 'economic' arrangements?

  • Only military aid
  • Aid issues from the perspective of the aid-provider or aid-recipient (correct)
  • Only humanitarian aid
  • Only cultural exchange programs

What is the purpose of a country's brand image in the context of diplomacy?

  • To engage in military alliances
  • To promote national security
  • To promote tourism and cultural exchange (correct)
  • To negotiate trade agreements

What institutions are part of multilateral economic diplomacy?

<p>The IMF, World Bank, and regional entities like the African Development Bank (B)</p> Signup and view all the answers

What is the historical origin of commercial diplomacy?

<p>The early consulates established by European states in the 16th century (C)</p> Signup and view all the answers

Who ran the early consulates established by European states in the 16th century?

<p>Foreign merchants through mutual arrangement (C)</p> Signup and view all the answers

What is the role of business in economic diplomacy activities?

<p>A driver and principal beneficiary (D)</p> Signup and view all the answers

What is the nature of economic diplomacy in many countries?

<p>A vast public-private partnership (B)</p> Signup and view all the answers

What is distinct about the role of state-owned enterprises in central governments?

<p>They are major players in economic diplomacy (A)</p> Signup and view all the answers

What event in 1973 prompted India to shift its focus towards economic diplomacy?

<p>The oil shock by the OPEC cartel (D)</p> Signup and view all the answers

What is the focus of commercial diplomacy, according to Indira Nooyi?

<p>Talking to private enterprise (C)</p> Signup and view all the answers

Which report in 1964 identified export promotion as a priority activity for diplomatic missions?

<p>The Plowden report (C)</p> Signup and view all the answers

What was the primary concern for India after the 1973 oil shock?

<p>Raising foreign exchange resources (A)</p> Signup and view all the answers

What is a paradox of economic diplomacy?

<p>The chequered manner of public-private partnerships (B)</p> Signup and view all the answers

Which ministry in India has contested the economic promotional role of the Ministry of External Affairs?

<p>The Ministry of Commerce and Industry (A)</p> Signup and view all the answers

What is the common feature of economic diplomacy activities?

<p>Involvement of business and government (A)</p> Signup and view all the answers

What was the outcome of the 1966 Pillai report in India?

<p>It gave some emphasis to trade but made no reference to FDI (A)</p> Signup and view all the answers

When did India's Ministry of External Affairs establish an economic division?

<p>At the end of the 1960s (B)</p> Signup and view all the answers

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