Research Handbook on Economic Diplomacy
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Research Handbook on Economic Diplomacy

Bilateral Relations in a Context of Geopolitical Change

Edited by Peter A.G. van Bergeijk and Selwyn J.V. Moons

This Handbook positions economic diplomacy as a multidisciplinary field and presents state of the art research relevant to policy makers and academia around the globe focusing on four themes: the role of economic diplomats, the impact and evaluation of economic diplomacy, politics and trade and emerging markets. It offers academic, business and policy perspectives taking stock of knowledge produced with qualitative and quantitative research on Northern America, Europe, Africa, Asia and Latin America.
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Chapter 16: Economic diplomacy and the liberal peace

Syed Mansoob Murshed

Abstract

The purpose of the chapter is twofold. The first is to relate the theory of liberal peace to the notion of economic diplomacy. The second objective is to relate the greater economic globalisation outcome of economic diplomacy, and its counterpart liberal peace objective, to the incidence and nature of domestic conflict. Nowadays, civil war has become the dominant form of war, mainly in developing countries. But other forms of social conflict and unrest short of war are also emerging, especially in the wake of the growing global tide of rising inequality and relative deprivation since the current phase of globalisation gathered pace after c. 1980. This is also reflected in voting in democratic countries, for example, the referendum in favour of Brexit in 2016. A game theoretic model of interaction between the state and a dissident group over the degree of globalisation is also presented.

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