Rana is professor emeritus, and a senior fellow at diplofoundation. The study adopts a population of 8 million as the benchmark for small states, plus one of the following characteristics of small states. Economic diplomacy has to do with issues of investment, market access trade, credit, transfer of technology, human resource development, etc. The impact of the global financial crisis on the african economy has been seriously underestimated, and the namibian economy is no exception. The priority task of economic diplomacy in the 1990s was to attract foreign direct.
Macroeconomic performance and outlook real gdp, which peaked at 6. Economic diplomacy not only promotes the states prosperity but. However, the namibian political landscape will continue to fragment in 2020 as the country suffers its worst recession since independence in 1990 with the coronavirus pandemic causing namibias gdp to contract by 6. Economic diplomacy and the origins of the second world war. Namibias foreign relations and economic cooperation. Economic diplomacy is an important component of international relations as it goes beyond the commercial relations, part of the traditional understanding of diplomatic relations. Namibia economy, politics and gdp growth summary the. In a climate of enhanced global competition, attention for economic diplomacy has substantially grown, as much in the west as in other parts of the world. Namibia follows a largely independent foreign policy, with strong affiliations with states that aided the independence struggle, including libya and cuba. The decolonization of namibia was delayed from 1966 to 1989the period of the war of independencepitting the namibian nationalists against the south african minorityruled regime.
Liberalism, as a theory of international relations ir studies, is the adopted analytical framework. Accelerating economic diplomacy towards a better south africa, africa and world. Nicholas bayne author of the new economic diplomacy. Namibias economic diplomacy is anchored in the foreign policy. This research project is proposed to evaluate namibias policy of economic diplomacy, examine the current status of the bilateral relations between namibia and the drc in order to establish why there seems to be very little economic benefits for namibia despite the assumed excellent relations. Namibia also remains committed to multilateralism, according to the white paper. This chapter investigates how economic diplomacy can be used to generate and increase economic security. Participants in this postgraduate in economic diplomacy at vrije universiteit brussel vub are instructed in the legal and business aspects of economic diplomacy through a combination of academic and practitionerled courses, complemented by a series of skills and thematic workshops. It leads the list of countries by income inequality with a gini coefficient of 59. We help unpack global, regional and domestic dynamics that influence trends in this regard to inform appropriate economic policy positions. Minisitry of international relations and cooperation introduction the mandate of the vote the ministry of international relations and cooperation hitherto known as the ministry of foreign affairs is the projection of namibias image abroad.
Economic diplomacy covers foreign trade, external investments, bilateral and multilateral economic negotiations, technology exchanges, financial flows and aid. Drawing on documentary material that has only recently been made available, david kaiser redresses the balance in his discussion of the expansion of german trade with eastern europe during the 1930s and the. In his book titled history and the evolution of diplomacy, richard. The tourists at etosha conjure up a fantastic africa after their nightly dinner by walking to the fence at the hotelmanaged waterhole to stare at the rhinos and lions and eland coming to drink. Political stability and sound economic management have helped anchor poverty reduction. The new economic diplomacy explains how states conduct their external economic relations in the 21st century. Economic diplomacy has always been an integral and important part of the work of a diplomat, and that principle applies equally to south african diplomats.
President sam nujoma, leader of the south west africa peoples organization swapo, was reelected in 1999 general elections, which international and domestic observers agreed were free, but included some instances of government harassment of the opposition and unequal access to media coverage and campaign financing. Economic diplomacy deals with the nexus between power and wealth in international affairs. Economic diplomacy, short course vrije universiteit. Economic diplomacy has long been a neglected dimension in the study of international. The textbook policy aims to pave the way forward for learners in formal education to have equitable access to learning support materials lsms to develop to their full potential in order to make a meaningful contribution to economic development.
That is where the concept of economic diplomacy comes in. President john magufuli has tasked four newly swornin high commissioners to rigorously embark on economic diplomacy by exploring new areas of development cooperation in countries to which they. Page 1 of 9 republic of namibia ministry of international relations and cooperation performance agreement the contracting parties this performance agreement hereinafter referred to as pa is entered into between the government of the republic of namibia hereinafter referred to as grn, represented by the president h. African first as namibian beef consignment leaves for us. Namibias economic diplomacy is anchored in the foreign policy principles enshrined in article 96 of her constitution, which advocate. Namibias foreign relations in a changing world an appraisal. Professor emeritus, former indian ambassador, and a joint. This study is about the economic diplomacy of namibia, as a small state, for the period 1990 2015. An assessment of economic and commercial diplomacy in. Economic diplomacy has to do with issues of investment, market access trade, credit.
Mission of the textbook policy to plan and implement an integrated, sustainable and coordinated. Southern africas industrialisation strategy relies on the creation of regional value chains. Our world is increasingly interconnected, as demonstrated by. Economic diplomacy, product characteristics and the level. Although the previous edition, published in 2011, was able to reflect the impact of the financial crisis and the immediate reaction to it, a lot has happened.
At the centre of it all, are the bread and butter issues, which represent the national namibias foreign policy and diplomacy management iii. Namibia is a largely desert ranchland with a long coastline on the south atlantic, bordering south africa, botswana, and angola. For example, in august 2014 australias coalition government. While namibia is keenly aware of the positive effects that multilateral relations can have on. The main concern of economic diplomacy of namibia is to support economic development of the country through the integration of national economy with the international economy. This book describes the diplomatic, economic and military campaigns of the namibian and south african belligerents and draws a comparison with several other. Representing a move away from eurocentric books on the topic, this. Not only is india with a population of over 1,3 billion the worlds largest democracy, the country now ranks as the worlds fourthlargest economy. Impact of financial crisis worse than estimated the namibian. In africa, namibia has been involved in conflicts in neighbouring angola as well as democratic republic of the congo. The countrys natural mineral riches and a tiny population of about 2. He was awarded a ba hon and ma in economics, st stephens college delhi.
The first section sets out a definition for economic diplomacy, uncovers some of the. Namibia is a member of 47 international organizations. Namibia foreign policy has identified three key components to promote world peace, to encourage economic diplomacy and southsouth cooperation. Transforming the concept of economic diplomacy into a working tool in order for the namibian government to execute its diplomatic functions in the most. World trade has been increasingly characterised by the fracturing of manufacturing and production processes into global value chains. The civil society guide to regional economic communities in africa by solomon ebobrah, morris odhiambo, rudy chitiga african minds publishers, south africa. The mandate of the ministry of international relations and cooperation 11 the mandate 11 policy objectives 11 2. Namibias foreign relations in a changing world konradadenauer. Diplomatic, economic and military campaigns 9780786496594. This book conceptualizes economic diplomacy and adds to a better understanding of its central place in the theory and practice of international relations. Namibias president, hage geingob, will remain in power in 202024, as will his quasisocialist swapo party. Accelerating economic diplomacy towards a better south africa. The interface of namibia s foreign relations and economic cooperation.
Financial crisis turns into job crisis in namibia the. Economic diplomacy also acknowledges the importance of globalised markets and investment destinies, and applies the appropriate rhetoric aiming namibias foreign relations in a changing world an appraisal. The book does not claim to be comprehensive, but intends to. Namibia business law handbook 4th edition by ibp usa author isbn. Pdf this book chapter seeks to analyse and critique recent developments in namibias international relations and foreign. Promote economic diplomacy tralac trade law centre. An overview of the namibian economy quantum global group. Principles and practice of diplomacy the principles the practice 3. We offer a repository of related studies in addition to original research in this area. Tourists are timid fantasists, the others risk takers are bold fantasists. As stated, namibia joined the international community at a time when multilateral tasks of diplomacy had proliferated considerably. The exportation of namibian beef to the united states of america is a great achievement in the advancement of our economic diplomacy, deputy prime. Union or sacu south africa, lesotho, swaziland, botswana, namibia.
Diplomacy and the angolanamibia accords, international affairs, volume 65, issue 3, 1 july 1989, pages 463479. Pdf the harambee prosperity plan, namibias foreign policy. He was ambassador and high commissioner for algeria, czechoslovakia, kenya, mauritius, and germany. Having posted an average rate of economic growth of 4. Nicholas bayne is the author of the new economic diplomacy 4. It documents the transformation of economic diplomacy in the 1990s and early 2000s in response to the end of the cold war, the advance of globalisation and the growing influence. We use an applied gravity model to assess the effect of economic diplomacy on the export of homogeneous, differentiated and reference priced goods. This is the first principle and the central objective of the policy and, indeed, of namibias diplomacy. Aggregate demand fell sharply in 2016 and 2017 as the government began fiscal consolidation to correct growing imbalances from high public spending and falling revenues from the southern african customs union sacu. Economic diplomacy is thus a part of and at the same time an instrument of foreign policy concerned with decisionmaking processes and employment of political. The global financial crisis has developed into a global job crisis and government, trade unions and the private sector locally will urgently have to break with their business as usual approach to. Economic diplomacy not only promotes the states prosperity but also, as occasion demands and opportunity permits, manipulates its foreign commercial and financial relations in support of its foreign policy as in the case of sanctions against iran.
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