ECONOMIC DIPLOMACY AS A DETERMINANT OF ECONOMIC PROGRESS AND A STRATEGIC PRIORITY FOR THE DEVELOPMENT OF COUNTRIES

Introduction. Under the influence of global transformations in world, both economic processes and system international relations are undergoing changes. Accordingly, modern diplomacy acquires new features, its forms methods conduct change, way presenting information about one's intentions or rejection certain phenomena, despite obligation to comply with protocol requirements. Therefore, current issue is scientific substantiation conceptual foundations role implementing strategic priorities countries' development ensuring their progress. Methods. The research methodology based on a systemic approach, according which tools progress states considered close relationship causality. To solve tasks, general special were used, particular: method going from abstract concrete, analysis synthesis, generalization analogy, logical analysis, historical combination empirical comparative studies. results. countries substantiated. Conceptual approaches concept "economic diplomacy" defined, implementation revealed. It argued that character covers wider areas. substantiated integration force more active use diplomacy. peculiarities experience some using vectors goals promoting national interests outlined. As result conducted research, scientifically substantiated; individual argued; Discussion. obtained results can be used for further developments regarding improvement theoretical basis Keywords: diplomacy, progress, "soft power", commercial interests, strategies