Preliminary communication
https://doi.org/10.46672/zsl.6.6.7
Efficient economic diplomacy and the necessity of new model implementation in the Republic of Croatia
Marko Babić
; Hrvatska gospodarska komora
Abstract
The importance of economic diplomacy is strongly emphasized in relation to the emergence and growing influence of globalization as a process within which states and their economies have become more interdependent and interconnected than ever in history. Accordingly, the effectiveness of economic diplomacy and its achievements become the subject of diverse and detailed analyses, all conducted with the aim of reaching the best possible end results. As in many other spheres of political and economic life, states do not implement the same strategies or activities and consequently do not achieve the same, nor even similar results in the global game. The general assessment of all relevant stakeholders and commentators is that the Republic of Croatia, 30 years since its independence, has not used the potential and opportunities offered by active, modern and effective economic diplomacy, an increasingly important part of diplomacy. Such results can partly be justified by the duration and consequences of the Croatian War of Independence, as a result of which the overall economic development of the country is at a lower level than it would have been if the war had not happened. However, it is quite clear that the current modus operandi of Croatian economic diplomacy has not yielded the desired results. That is why this article, among other things, analyzes the existing Croatian model and provides clear and concrete recommendations as to the direction or path Croatia should take in the future.
Keywords
economic diplomacy; effectiveness; model; analysis; Republic of Croatia; recommendations
Hrčak ID:
269336
URI
Publication date:
28.12.2021.
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