JEL Classification: F02; F29; O19 | DOI: https://doi.org/10.31521/modecon.V49(2025)-08 |
Hrushchynska Natalia, Doctor of Economics, Professor, Professor of the Department of International Economic Relations, Business and Tourism, State Noncommercial Company «State University «Kyiv Aviation Institute», Kyiv, Ukraine
ORCID ID: 0000-0002-5606-4666
e-mail: gruschinska@gmail.com
Economic Diplomacy in the Age of Artificial Intelligence
Abstract. Introduction. The article analyzes the impact of artificial intelligence (AI) on modern economic diplomacy, which is becoming a key factor in the global economy. The main objective is to explore the integration of AI into diplomatic processes, its influence on traditional approaches to interstate interaction, and the challenges posed by this technological breakthrough. The study aims to determine how AI-driven innovations can enhance economic competitiveness, improve data analysis, facilitate forecasting of international economic trends, and optimize negotiation strategies in global diplomacy.
Purpose. The research takes a multidisciplinary approach, combining qualitative and quantitative methods. A comparative analysis of the use of AI in economic diplomacy among major global players, including the US, China, and the EU, will be conducted. Case studies of AI-driven diplomatic initiatives will be examined to assess their effectiveness and impact. In addition, a content analysis of policy documents, international organization reports, and academic literature provides a comprehensive understanding of the transformative role of AI.
Results. The study identifies key trends in the integration of AI into economic diplomacy, highlighting its role in accelerating decision-making, predicting economic fluctuations, and mitigating international economic conflicts such as trade wars and sanctions. It examines AI applications in data-driven policymaking, automated negotiation support, and economic risk assessment. It also shows how AI contributes to real-time monitoring of economic indicators and improves the accuracy of strategic planning in foreign economic policy.
The article provides a novel perspective on the dual role of AI as both an opportunity and a challenge for economic diplomacy. It introduces a systematic framework for understanding the implications of AI-driven automation in diplomatic negotiations and its potential impact on global economic stability. The study also explores the ethical concerns associated with AI in diplomacy, including algorithmic biases, privacy risks, and disparities in access to advanced technologies among nations.
Conclusions. The findings underscore the need for international coordination in developing regulatory mechanisms for AI in economic diplomacy. Establishing ethical guidelines and governance frameworks will help mitigate risks while ensuring the equitable distribution of AI-driven economic benefits. The study highlights the importance of AI in promoting transparency, efficiency, and adaptability in diplomatic processes, while emphasizing the need for responsible implementation. The article serves as a valuable resource for policymakers, diplomats, and international organizations seeking to harness the potential of AI while addressing its inherent challenges in economic diplomacy.
Keywords: artificial intelligence; economic diplomacy; foreign policy; geoeconomics; technological development.
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Received: 26 January 2025
How to quote this article? |
Hrushchynska N. (2025). Economic Diplomacy in the Age of Artificial Intelligence. Modern Economics, 49(2025), 57-62. DOI: https://doi.org/10.31521/modecon.V49(2025)-08. |