Course info

CREDITS 2 (LV) 3 (ECTS) - 32 Contact Hours

This course deals with the economic (commercial) diplomacy in the context of bilateral and multilateral relations between the states. The course will consist of three parts. During the first part the basic principles of economics and the management of national economies will be introduced, as well as the broad differences among national economies explained. In the second part, the issues of trade and investment promotion in the context of regional and global trade and capital flow arrangements will be addressed, inter alia, the role of regional and global economic multilateral bodies in this context. At the end, the challenges to security of economic development, critical supplies, and transportation caused by technological competition, fight against climate change and geopolitical rivalry will be dealt with. During the course several in-service commercial diplomats will be invited to explain to students their daily tasks and the challenges they face throughout their work.