Economic Diplomacy

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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?

The IMF, World Bank, and regional entities like the African Development Bank Signup and view all the answers

What is the historical origin of commercial diplomacy?

The early consulates established by European states in the 16th century Signup and view all the answers

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

Foreign merchants through mutual arrangement Signup and view all the answers

What is the role of business in economic diplomacy activities?

A driver and principal beneficiary Signup and view all the answers

What is the nature of economic diplomacy in many countries?

A vast public-private partnership Signup and view all the answers

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

They are major players in economic diplomacy Signup and view all the answers

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

The oil shock by the OPEC cartel Signup and view all the answers

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

Talking to private enterprise Signup and view all the answers

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

The Plowden report Signup and view all the answers

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

Raising foreign exchange resources Signup and view all the answers

What is a paradox of economic diplomacy?

The chequered manner of public-private partnerships Signup and view all the answers

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

The Ministry of Commerce and Industry Signup and view all the answers

What is the common feature of economic diplomacy activities?

Involvement of business and government Signup and view all the answers

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

It gave some emphasis to trade but made no reference to FDI Signup and view all the answers

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

At the end of the 1960s Signup and view all the answers