Non state actors like Business Diplomats and Transnational Economic NGO Diplomats with their multitude of transborder alliances and pressure groups have added to the traditional domain of economic diplomacy a "supraterritorial relations" component and are thereby partially undermining sovereignty of states in conducting international economic relations. At the same time, faced with globalisation and competition for foreign direct investment as well as with the growing influence of international economic standard setting organisations (WTO, ITU,ILO etc), ...

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