Enhancing the Economic Diplomacy Capacity and Performance of Türkiye in the New Global Economic

Diplomacy refers to the daily conduct of foreign policy. Regarding global and regional geopolitical, economic, and military shifts, the way and the tools of both foreign policy and diplomacy have been changing. Some states are more adaptive to these structural changes, but most are not very successful in adapting their institutions to these circumstances. This paper will first define the changing nature of diplomacy with its economic and commercial axis and then examine the current economic diplomacy structure (actors, tools, data gathering, and analyzing) of the Republic of Türkiye. This paper will also present a new model of how the capacity and performance of the economic diplomacy of Türkiye enhanced. In what senses Türkiye can/should transform its institutional body to be more influential in this new era? The data will be analyzed from the selected macroeconomic indicators of Türkiye. These indicators are economic growth, exports, imports, foreign direct investment, and portfolio investment alongside employment, inflation, public debt, and budget data. Selected indicators will be used as part of the econometric model, which will be properly tested for this study. Thus, this study will have an interdisciplinary approach to political economy, international relations, and econometrics.

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