Try GOLD - Free

DIPLOMATS ON DIPLOMACY

BW Businessworld

|

September 07, 2024

That Economic Diplomacy is a specialised skill has long gained credence, making room for a division on economic diplomacy in the Union Ministry of External Affairs. Two dozen serving and former diplomats pontificate on this specialised craft in a CUTS compilation titled Economic DiplomacyIndia's Ascendancy in the 21st Century

- Madhumita Chakraborty

DIPLOMATS ON DIPLOMACY

AMONG THE PLETHORA of definitions of "economic diplomacy" in public domain, the most apt is probably the one that describes it as "the nexus between power and wealth in international affairs".

Since the devastating wars that drew in the whole world in the 20 Century and the evolution of multilateral fora like the League of Nations (after World War I) and the United Nations (after World War II) as platforms for dialogue among sovereign nations, diplomacy seemed a tool for averting armed combat.

The evolution of trade blocs, the most formidable among which is no doubt the European Union, toward the end of the century necessitated that the envoys of nations be adept at negotiating beneficial trade and investment treaties as well. As Norwegian diplomat Thoralf Stenvold, who has two decades of experience working within the United Nations and other multilateral organisations, writes in his contribution to the compilation, Economic Diplomacy-India's Ascendancy in the 21st Century, Indian Foreign Service (IFS) personnel have proved themselves to be deft and tough negotiators on multilateral platforms.

Stenvold's chapter is titled The Supremacy of the Indian Diplomat.

MORE STORIES FROM BW Businessworld

BW Businessworld

BW Businessworld

A NOVEL THAT GLIDES THROUGH MANY REALMS

Journalist Nikhil Kumar strides into the arena of fiction with aplomb. His novel navigates continents and decades, capturing both the rarified world of architecture and the intimate spaces where relationships fracture

time to read

2 mins

December 13, 2025

BW Businessworld

BW Businessworld

"Huge Capacities Are Required"

DV Kapur on India's energy future, the need to balance coal and renewables, his eponymous foundation, and much more

time to read

2 mins

December 13, 2025

BW Businessworld

BW Businessworld

METAL, MUSIC & MOTORCYCLING

From the new Bullet 650 to the Flying Flea C6 and S6 electric scrambler concept, Motoverse 2025 brought together heritage motorcycles, next-gen EVs, riding culture and a vibrant global community

time to read

5 mins

December 13, 2025

BW Businessworld

BW Businessworld

Redefining Unalloyed Nationalism

In My Idea of Nation First, author UDAY MAHURKAR argues that India's future governance is inseparable from its understanding of the past,\" writes Srinath Sridharan

time to read

3 mins

December 13, 2025

BW Businessworld

BW Businessworld

"We have consistently delivered an annual ROI of approximately 40 per cent"

Dushyant Singh, a food & beverage entrepreneur, has over 15 years of experience in building F&B brands, including On The House, Rustic, and The Lama. BW Businessworld recently caught up with Singh to chat about his latest venture, Coffee Sutra, a favourite among coffee aficionados in Jaipur. Excerpts

time to read

4 mins

December 13, 2025

BW Businessworld

BW Businessworld

"The AI Race Won't Be Decided By Models & Tokens, But By Economics"

PHILIPP HERZIG, Chief Technology Officer at SAP, discusses the changing mandates of tech leadership, the next phase of AI adoption, SAP's rapid progress with Joule and RPT1, and why India is core to SAP's future, in an interaction with BW Businessworld's Rohit Chintapali. Excerpts

time to read

4 mins

December 13, 2025

BW Businessworld

BW Businessworld

“The genie is not going back in the bottle”

Al will reshape commerce faster than any previous industrial shift, and businesses must now design for scale, trust and permanence rather than novelty, says DIARMUID GILL, Chief Technology Officer, Criteo, in this conversation with Noor Fathima Warsia

time to read

2 mins

December 13, 2025

BW Businessworld

BW Businessworld

PREMIUM PUSH

With Aston Martin watches and 200 new exclusive stores, Timex India sharpens its premium ambitions and long-term growth play

time to read

4 mins

December 13, 2025

BW Businessworld

BW Businessworld

Carrot & Stick Game

Unlisted shares are typically valued based on demand–supply dynamics, rather than on core fundamentals, as detailed financial information is usually limited

time to read

3 mins

December 13, 2025

BW Businessworld

BW Businessworld

STEADY ASCENT

In a fiercely competitive market, can home appliances and durable company Kenstar's calibrated expansion across categories and towns unlock its Rs 3,000-crore revenue ambition?

time to read

6 mins

December 13, 2025

Listen

Translate

Share

-
+

Change font size