Modern Economic Diplomacy of Small States
Modern Economic Diplomacy of Small States

Summary/Abstract: The administration of the small states faces the challenges to identify strategic interests in the context of key global trends to provide more effective policymaking coordination and cooperation, and to focus on areas where they can make a real difference. The presented article adresses a quickly changing world and emergence of a new multilaterlism demanding a focused, well-coordinated and integrated foreign policy. Global trends such as climate change, migration, energy security, rapid technological development and industrial revolution, together with necessary horizontal approach to address them, require integration of foreign and security policy, defence policy, trade policy and export promotion as well as development policy. The Sustanaible Development Goals – UN Agenda 2030 could be a guidance for setting the policy framework for foreign and domestic policy. The ability to combine traditional diplomatic channels with formal and infomal networks and actors on domestic and international level is key in this regard. It requires openness and readiness to adapt. The ministries of foreign affairs should serve as the whole society´s international liaisons leading the whole-of-society engagement.

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