Economic Diplomacy in Iraq and Opportunities for Effective International Partnership

المجلة العراقية للعلوم الاقتصادية

Abstract

In our current world, countries are keen to gain foreign markets according to their resource and human capabilities, which enhances competitiveness opportunities and improves economic indicators, especially those related to macroeconomic indicators. However, this openness requires unconventional negotiating methods in light of a globalized international economy in which competition is unprecedentedly intense. Hence, the concept of economic diplomacy emerged as a broad scope by which countries deal with the outside world to achieve the maximum amount of their national gains in all areas of economic activity, especially in trade and investment. What increases the importance of economic diplomacy is the interconnection between it and political diplomacy as two paths that share political and economic goals that serve the aspirations of countries in the economic arena.