Economic Diplomacy Boom: Will It Last Long?

... non-economic instruments to achieve the economic goals of the state. The following example illustrates the difference between these two categories. Imposing a trade embargo against a country to force it to abandon its WMD development programs is categorized as economic diplomacy [2] . The use of political pressure to force a country to reduce import restrictions is categorized as foreign economic policy. The American embargo against Cuba illustrates an unsuccessful attempt to use economic sanctions for political purposes. The introduction of countervailing duties by the United States in response to Chinese subsidizing exports of auto parts in 2012 illustrates the use of sanctions ...