Strategic dominants of the economic diplomacy in the context of the asymmetric global development

Nataliya Kravchuk, Oleh Lutsyshyn


Introduction. Since the beginning of the XXI century, the integration of the vast majority of countries into a single geoeconomic space is accompanied by the latest global trends, permanent systemic risks, and their asymmetric effects. All the factors mentioned above have a multi-vector and contradictory impact on modern global development. As well as they encourage the international community to develop preventive measures and restart the institution of diplomacy in general, and economic diplomacy particularly.

Goal. The aim of this research is to scientifically substantiate the asymmetric impact of global development risks on economic diplomacy while taking into account external and internal environmental factors to differentiate possible strategic dominants of state economic diplomacy considering its "geoeconomic location" and "strategic zone of presence" in the global economic space.

Methods. With the use of PESTEI, SWOT, and SNW-analysis, the matrix of scenarios for the formation of the state “strategic zone of presence” in the global economic space is developed, as well as the strategic dominants of economic diplomacy of the state are outlined accordingly.

Results. The research has shown that the asymmetric effect of global risks in the process of geoeconomic space network formation encourages the international community to develop preventive measures and reset the institution of economic diplomacy. It has been proved that in this context, economic diplomacy, as one of the key vectors of the institution of diplomacy, acquires the status of "dominant" in the process of formation of the state’s geostrategic positioning in the international arena, taking into consideration the current geopolitical and geoeconomic processes. Also, it has been argued that the development of major strategic decisions in the field of economic diplomacy is based on the results of strategic analysis, while considering the achievements of the "expert diplomacy”. Moreover, it has been proved that the formation of strategic dominants of economic diplomacy should take into account the results of the strategic analysis of systemic determinants, specifically risks of global development and asymmetric challenges for economic diplomacy, as well as endogenous factors of the internal environment. Finally, it has been emphasized that the national interests of the state along with the guarantees of state’s economic security should be the absolute priorities while choosing the strategic dominants of economic diplomacy

Perspectives. Further scientific research on the studied issues primarily aims to analyze the systemic determinants of the formation of Ukraine’s "geoeconomic location" in the global economic space as well as outline the strategic dominants of its economic diplomacy, taking into account national interests and targets of economic security.


economic diplomacy; strategic dominants; global risks; asymmetries of global development; geoeconomic space; geoeconomic location; strategic zone of presence

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Copyright (c) 2021 Nataliya Kravchuk, Oleh Lutsyshyn

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.


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Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

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