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Business diplomacy is architected by the political ideologies of a state. The power play of governments within a given political structure is often critical to future business growth. Most developed countries tend to dominate the political relations with others across the regions by using business gateways as unique control tools. Trade development has moved through several ideological learning curves from socialism to democracy, and protectionism to globalization. However, political ideologies that affect business relations move unpredictably within a sphere of public interest. Therefore, business diplomacy sometimes gains high public support or it doesn’t. Business companies today need to learn to develop resilience and adaptability to such political shifts. This chapter discusses the trends of business-politics paradigms over the years that affect global business relations.
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- Shifts in Business-Politics Paradigms: Exploring Lessons and Future Growth
- Chapter 1
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