Impact of Economic Diplomacy on Australia-Asia Relations

Mrs Sujeewa Nishanthi Kulatilake1

1(i) University Of Colombo Sri Lanka (ii) Jiangxi University Of Science And Technology China, Tucson, United States

This paper explores the impact of economic diplomacy on Australia-Asia relations. Resolving economic issues in international relations has become an integral part of diplomatic theory and practice. Improved globalization and trade liberalization caused domestic and foreign market competition becomes more aggressive and intense. Therefore, countries which have not involved in the concept of economic diplomacy will not have an active role in relations with other countries. The economic diplomacy means diplomatic activities directed towards improving and protecting the economic interests of a country. Therefore, the concept of economic diplomacy should ensure that the activities of economic diplomacy are efficient and successful. As an independent nation, Australia’s relations with its Asian neighbours have been of immense significance since it is the most dynamic growth centre in the global economy. Australia has much to offer Asia in the development of bilateral relations and multilateral engagements. This paper will further discuss on why countries engage in economic diplomacy, why there is a need of the efficient concept of economic diplomacy to strengthen Australia- Asia relations, what measures need to be taken for this concept to be more effective and the challenges on achieving successful economic development through this relation.


Biography:

Highly experienced professional with consistent achievements through expertise in international business, business administration, public relations, credit and marketing in the banking and finance industry. At present pursuing a PhD in Economics at the University of Colombo, Sri Lanka. Completed double masters (MBA & MSc) in London, UK (University of Wales Institute Cardiff)

 

 

ABOUT THE ASSOCIATION

The Asian Studies Association of Australia (ASAA) is the peak body of university experts and educators on Asia in Australia. Established in 1976, we promote and support the study of Asia in Australian universities and knowledge of Asia among the broader community. Our membership is drawn mainly from academics and students, but also includes industry and government Asia experts. We take a strong interest in promoting knowledge about Asia in schools and in contributing to state and Commonwealth government policies related to Asia. We provide informed comment on Asia to a broad public through our bulletin, Asian Currents, and specialist research articles in our journal, Asian Studies Review. Four book series published under our auspices cover Southeast Asia, South Asia, East Asia and Women in Asia.

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