Here's how you can navigate strategic decision making in international economic relations.

This requires a multifaceted approach: Market Analysis: Continuously monitor global economic trends and market dynamics. Risk Management: Assess geopolitical risks and economic stability of partner countries. Data Utilization: Leverage economic data and predictive analytics for informed decisions. Diplomacy: Maintain strong diplomatic ties and engage in multilateral negotiations. Regulatory Awareness: Stay updated on international trade laws and regulations. Long-Term Planning: Align strategies with long-term national and economic interests. Institutional Collaboration: Work with international institutions for coordinated efforts. This holistic approach ensures robust and adaptable economic strategies on the global stage.

Most international businesses forget, that the markets they want to navigate have different rules of engagement. I specialise in Africa, bringing investment to the continent, most businesses don’t comprehend is that Africa is made up of colonial, multi-colonial and/or local business cultures and legal frameworks. International restrictions of capital flow have choked African economies into adopting policies that enable it to pay it civil servants from business coffers. Not every treasury was looted, most have been denied enough liquidity to pay even a basic salary to maintain a police force or military. Africa is not corrupt it pays itself, something businesses find that hard to comprehend. Navigation of these corridors is a vital skill

Navigating strategic decision-making in international economic relations requires a nuanced and well-informed approach. Key considerations include understanding global economic trends, assessing national/regional interests, and anticipating potential geopolitical implications. Careful analysis of trade agreements, investment flows, and regulatory frameworks is essential. Effective communication and negotiation skills are crucial when balancing diverse stakeholder interests. Maintaining flexibility and adaptability is vital as the international economic landscape continues to evolve.

One has look into dynamic equations in geopolitical context, close observation and understanding of cross border economy helps in crisis or turn crises into opportunities, Russia-Ukraine and Israel-Hamas is recent examples.

In the modern world where communication and transportation barriers can be ignored due to our technological advancement. This is completely different from our ancient world where completely different civilizations developed from geographical regions which were remotely situated apart from each other. There gradually arises a worldly recognized consensus in morality and human value though nuance may be found according to different civilization background. Nowadays industrialization is accepted as the way towards wealthy state by almost all the countries. Breakthrough in technologies is the competitive advantage over other countries in international trade and military dominance. Countries with bigger GDP hold a better strategical position

In my opinion, managing strategic risk in banking has become a priority scale of its own against the impact of increasingly unpredictable changes in the banking environment. A professional banker must be equipped with forward-looking capabilities in managing these risks, including Deep Knowledge of the Banking Industry: Have a strong understanding of bank operations, banking products. Managerial and Strategic Skills: Ability to design and implement long-term business strategies : Ability to communicate effectively with various parties. Compliance and Ethics: Understand the importance of compliance with banking regulations. Decision Making Skills and Adaptability therefore the ability to adapt to market and technological changes is key.

There is need to understand the line and consequences between Realism and Constructivism in international economic relations.

Cultural sensitivity is key to avoid conflicts and accelerate cooperation in international socioeconomic relations. Participation in appreciation of culture helps to build trust globally.

Many countries allow the establishment of legal entities without local partners. However, in our experience, having a local partner during the planning stage is crucial, to say the least. The form of cooperation depends on your needs and goals. You can hire a consulting agency either locally or in your own country, as long as the agency has the necessary contacts and methods for the chosen market. Alternatively, you can enter into an official partnership with a local person or company who is already well established and have comprehensive strategic and legal support. Keep in mind that in some countries (or special sectors), having a local partner is a legal requirement.

To learn and to relearn is necessary. To make sure the best of legacy when it comes to considerations to others is passed on to new generations so that we may create, in international economic relations, the best of ways towards one another for a global society where true value is recognized by the considerations we give one another.