HOW CAN ECONOMIC DIPLOMACY ADVANCE GLOBAL COOPERATION?

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 and the role of economic diplomacy in a polarized world by leveraging economic tools more effectively.

Speakers referenced India’s approach in further elaboration of the importance of dialogue and diplomacy in resolving global issues, as well as the United States for instigating the shift from global trade liberalization to rising tariffs seen in recent years. The discussion concludes with reflections on the need for new forums and concepts to address global challenges.