EKONOMSKA DIPLOMATIJA – izazov visokog prioriteta za Bosnu i Hercegovinu. Non nova sed nove (Ne nova, već na novi način)
ECONOMIC DIPLOMACY - a high priority challenge for Bosnia and Herzegovina. Non nova sed nove (Not new, but in a new way)

Author(s): Z. Kulundžić, A. Kapetanović, Davor Vuletić, Mirza Kušljugić, Dževad F. Sarajlić, Zlatko Dizdarević
Subject(s): Supranational / Global Economy, Diplomatic history, International relations/trade
Published by: Vanjskopolitička inicijativa BH
Summary/Abstract: Solving economic issues in international relations has become an inseparable part of diplomatic theory and practice throughout history. The result of the latest acceleration of globalization and trade liberalization is the increase in competition both on domestic and foreign markets, so that countries that do not have a developed concept of economic diplomacy cannot play a proactive role in relations with other countries, but instead become the object of economic diplomacy of other countries. After the war, the period of receiving aid and the partial reconstruction of the country, building a strong concept of economic diplomacy is emerging as the highest ranked priority of BiH. foreign policy. Bosnia and Herzegovina has a concept of economic diplomacy that so far has not produced good enough results, which is most evident from the large trade deficit. In order for the concept of economic diplomacy of Bosnia and Herzegovina to be more effective, activities must be carried out continuously, and the techniques of economic diplomacy should be developed and appropriate to the time and place. Despite the series of difficulties that continuously accompany it, the concept of economic diplomacy in Bosnia and Herzegovina is still taking a clear shape and has a real chance to grow into a strong lever for the development of the domestic economy.

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