HOW CAN ECONOMIC DIPLOMACY ADVANCE GLOBAL COOPERATION?
HOW CAN ECONOMIC DIPLOMACY ADVANCE GLOBAL COOPERATION?
30 Oct 2024
The discussion highlights the significant increase in foreign direct investment in Saudi Arabia, which has grown more than 20-fold since the first Future Investment Initiative (FII). This growth underscores the importance of the region in global investment. The conversation also addresses the challenges facing the multilateral framework established post-World War II, emphasizing the need for revitalization to address current global challenges like climate change and debt. The panelists discuss the role of economic diplomacy in a polarized world, with a focus on using economic tools effectively. They also explore the potential of technology, particularly AI, to be transformative. The dialogue touches on the importance of dialogue and diplomacy in resolving global issues, as exemplified by India's approach. The shift from global trade liberalization to rising tariffs, led by the United States, is noted as a significant change in recent years. The discussion concludes with reflections on the need for new forums and concepts to address global challenges, including sustainability and multilateralism.