The new economic diplomacy; decision-making and negotiation in international economic relations, 2d ed

Reference & Research Book News, Feb, 2008

The new economic diplomacy; decision-making and negotiation in international economic relations, 2d ed.

Ed. by Nicholas Bayne and Stephen Woolcock.

Ashgate Publishing Co.

2007

391 pages

$99.95

Hardcover

Global finance

HF1359

The purpose of this collection on international economic diplomacy is largely descriptive. The 19 chapters presented by the editors (both of the London School of Economics and Political Science, UK) focus on the methods and process of decision-making and negotiation in the contemporary context and not on the content of policy. The contributors use mainstream international relations theory, supplemented by rationalist and constructivist models, the two-level game model of Robert Putnam, and theories of negotiation between private parties to elucidate the drivers of negotiating behavior as governments try to reconcile tensions between politics and economics, between international and domestic pressures, and between government and other actors. In addition to chapters laying out the basic theoretical framework of the proceedings, the contributions include case studies of US economic diplomacy towards Asia, economic diplomacy experiences of developing countries, regional economic diplomacy in the European Union, and international economic diplomacy by the International Energy Agency and the World Trade Organization.

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