IOB Study - Economic diplomacy in practice. An evalution of Dutch economic diplomacy in Latin America
Economic diplomacy is an important aspect of Dutch foreign policy. A lot of attention has been given to the promotion of the commercial interests of (groups of) Dutch companies, both in The Hague and at the Dutch representations abroad. Until now, however, not much was known about the effectiveness of the Dutch policy. This evaluation of economic diplomacy in Latin America is a combination of a qualitative evaluation at outcome level and a quantitative impact evaluation, which is unique in the field of economic diplomacy. The study, commissioned by the Policy and Operation Evaluation Department (IOB) of the Ministry of Foreign Affairs, assesses the effect of economic diplomacy on the competitive position of Dutch companies operating in the Brazilian ports, maritime transport and logistics sector. Subsequently it provides an econometric analysis of the effect of economic diplomacy on the volume of Dutch exports to Latin America. Its findings support the use of economic diplomacy and may contribute to the fine-tuning and adaptation of policies.