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</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</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</p> Signup and view all the answers

    What is the role of business in economic diplomacy activities?

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

    What is the nature of economic diplomacy in many countries?

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

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

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

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

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

    What is a paradox of economic diplomacy?

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

    What is the common feature of economic diplomacy activities?

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

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