World economy and international economic relations

Cataracts of globalization and the economic diplomacy of small states

Economic Annals-XXI

Economic Annals-ХХI: Volume 159, Issue 5-6, Pages: 16-19

Citation information:
Bohac, R., & Lipkova, L. (2016). Cataracts of globalization and the economic diplomacy of small states. Economic Annals-XXI, 159(5-6), 16-19. doi: https://doi.org/10.21003/ea.V159-03

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Radomir Bohac
JUDr.,
PhD Candidate,
Faculty of International Relations,
University of Economics in Bratislava ;
Ambassador,
Director General of the Section of the Minister of Foreign and European Affairs of the Slovak Republic
1 Dolnozemska Str., Bratislava 5, 852 35, Slovak Republic
radomir.bohac@mzv.sk

Ludmila Lipkova
Professor,
Ing, CSc,
Dean, Faculty of International Relations,
University of Economics in Bratislava
1 Dolnozemska Str., Bratislava 5, 852 35, Slovak Republic
ludmila.lipkova@euba.sk

Cataracts of globalization and the economic diplomacy of small states

Abstract. This paper strives to briefly delineate the development of economic diplomacy vis-а-vis globalization and tendencies in the world politics and economy. It outlines the impact of globalization on economic diplomacy and defines fundamental trends of international development that could shape its overall functioning. Then, it determines the political and economic phenomena that affect and shape the economic diplomacy of smaller countries, influence its orientation and pose new challenges. The example of Denmark is considered as an effective and successful model on which Slovak economic diplomacy could be based. The authors attempt to outline appropriate pillars of economic diplomacy of smaller countries, while underlining the importance of systematic and timely information analysis.

Keywords: Economic Diplomacy; Globalization; Small Economy; New Challenges; Protectionism; Denmark; Slovakia

JEL Classіficatіon: A11; F62; H11

DOI: https://doi.org/10.21003/ea.V159-03

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Received 28.05.2016

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