ECONOMIC DIPLOMACY-ENHANCING FUNCTIONAL CAPABILITIES: IMPERATIVES FOR BANGLADESH
Keywords:
ECONOMIC DIPLOMACYAbstract
We live in the era of Globalization where the external relations, particularly Trade and Economic relations, is very much exposed to the international economic order. Gains in the area are also made through exploiting and integrating such exposure. Countries gain from the process whatever they are able to negotiate.
The developing economy of Bangladesh is moving ahead for becoming a Middle Income Country by 2021 when the nation celebrates its 50th years of Independence. The nation has already achieved significant success in fulfilling the Millennium Development Goals and looking forward for the Post Millennium Development Agenda.
Since Bangladesh largely depends on external trade for her sustenance and development, Economic Diplomacy performs a great role in the area. Diplomacy is an all encompassing instrument of inter-state relations as it applies to all gametes of relations. It cannot be compartmentalized, such as Economic Diplomacy, in any situation as Economic Diplomacy cannot be pursued in the absence of political diplomacy, what is generally perceived as diplomacy. Economic Diplomacy has not, in fact cannot, take over Political Diplomacy. Rather Political Diplomacy now adding priority on Economic Diplomacy, as, with the strengthening of globalization, countries are aiming for a possible bigger share of the pie of the economic wealth of the world. Bangladesh needs stronger and coordinated Economic Diplomacy for ensuring the basic needs of the entire population-for which the state machinery is constitutionally responsible.
The Study in the present Report on ‘Economic Diplomacy: Enhancing the Financial Capabilities – Imperatives for Bangladesh’ looks into the internal and external actors of Economic Diplomacy and the factors that shape the same for Bangladesh. Then it defines the Economic Diplomacy for Bangladesh, identifies the Target Audiences, Challenges and Strategies and recommends possible actions for its enhancement.
Downloads
References
Bangladesh Diary, Ministry of Foreign Affairs, Dhaka, 2013
Kerr, Pauline and Wiseman, Geoffrey, Diplomacy in a Globalizing World, USA, 2013
Millennium Development Goals, Bangladesh Progress Report 2012, Bangladesh Planning Commission, Dhaka
Rana, S Kishan and Chatterjee, Bipul, “Economic Diplomacy: India’s Experience” India, 2011
Satow, Earnest, Satow’s Diplomatic Practice, London, 2009
The World Bank Report, Bangladesh Development Series, Dhaka, 2012
Absar, Syeda Sharmin, Economic Diplomacy for Bangladesh: a Prescription for Less Developed Countries in the World Trade Organization Era, South Asia: Journal of South Asian Studies, The Australian National University, Vol. 26, No. 3, Pp. 349-357, 2003.
Ambassador Farooq Sobhan, Economic Diplomacy: The Priority Tasks (accessed from www.bei-bd.org/images/publication/who4f4ba98084a98.pdf on 04 April 2013)
Trade Policy Reforms: Bangladesh’s Experience, BIISS Journal, P. 90, Volume 32, Number 2, 2011.
S. A. Khan and A.S. Sarker, Monetary Policy of Bangladesh, Banglapedia, 2006. Online
associationdiplomats.org/publications/ifaj/Vol1/ecodiplomacy.htm
Branding for Business,www.positioningbangladesh.org (accessed on 20 July 2013)
The Daily Star, www.thedailystar.com, 31 August 2009 (accessed on 24 April 2013)
http://www.thedailystar.net/beta2/news/wb-bans-lavalin-for-10-years/ (accessed on 19 April 2013)
The Daily Star, www.thedailystar.com, 21 April 2013
Saner, Raymond and Yiu, Lichia, International Economic Diplomacy: Mutation in Post-Modern Times, 2003
The Guardian, www.theguardian.com (accessed on 18 December 2012,) Official Websites:
www.boi.gov.bd
www.cpa.org
www.epb.gov.bd/index.php#
www.erd.gov.bd/
www.fbcci-bd.org/fbcci/about_fbcci.php
www.mincom.gov.bd/wto.php
www.mofa.gov.bd/index.php?option
probashi.gov.bd/index.php?option=com_content&view
www.adb.org/countries/bangladesh/strategy
www.apec.org/about-us/about-apec.aspx
www.cia.gov/library/publications/the-world-factbook/geos/ee.html
www.developing8.org/About.aspx
unctad.org/en/Pages/Home.aspx
data.worldbank.org/about/country-classification
Report of the Special Committee on Foreign Affairs, Volume –I, Government of Bangladesh, July 1995.
Lim, C and Liang, Margaret, Economic Diplomacy: Essays and Reflections by Singapore’s Negotiators, Institute of Policy Studies, National University of Singapore, 2010.
Bayne, Nicholas and Woodcock, Stephen, The New Economic Diplomacy: Decision Making and Negotiation in International Economic Relations, London, 2011.
Michalopoulos, Constantin, Developing Countries in the WTO, London, 2001
Hill, Christopher, The Changing Politics of Foreign Policy, London, 2010
Kelegama, Saman, South Asia in the WTO, New Delhi, 2007
Qingmin, Zhang, China’s Diplomacy, Beijing, 2007
MDG Financing Strategy for Bangladesh, UNDP and Planning Commission of Bangladesh, Dhaka
Bangladesh: Vision 2021, Center for Policy Dialogue (CPD), Dhaka
Bangladesh Environment and Climate Resilient Sustainable Development: Vision 2021, Parliamentary Standing Committee on Ministry of Environment and Forests, Dhaka
Outline Perspective Plan of Bangladesh 2010-2021: Making Vision 2021-A Reality
Ali Saquib, Performance Management System in Ministry of Foreign Affairs and Bangladesh Missions Abroad, Course Member, NDC 2011.
Ahsan Md. Shameem, Branding Bangladesh: Ideas and Challenges, Course Member, NDC 2012.
Hossain Mohammed Delwar, Perception and Roles of Economic Diplomacy to Protect the National Security, Course Member, NDC 2008.
+88 02 8031111 Ext. 3299
