Answer:
Economic diplomacy
Explanation:
Economic diplomacy is a central aspect of Chinese foreign policy. During China's remarkable economic rise, it has used economic diplomacy primarily through trade, and the use of carrots as a means to accumulate or attract soft power. This was a part of the broader strategy formulated by think tanks in the PRC during the 1990s titled the new security concept. It is referred to in the West as the period of "China's Peaceful Rise".[6]
Recently, China has changed its strategic doctrine and begun to use economic diplomacy as a coercive tool. After 10 years or so of a policy based primarily on economic carrots, China has begun to show a willingness to use economic diplomacy for coercive means.[7] This is evidenced in the September 2010 incident that blocked shipments of rare earth minerals to Japan. Another incident took place in 2012 in the Philippines, where China sent a gunboat in to enforce trade restricts. China's willingness to use bring in warships during trade disputes is reminiscent to an earlier era of American gunboat diplomacy.[8]
Recent history shows that as China grows more confident, we will see it gradually move away from an economic diplomacy policy of carrots, to sticks.
A social organization that is based on livestock raising as the primary economic activity.
Trade played a more central role in the mercantilist period of European history from 1500 to 1750 – sometimes referred to as early capitalism or trade capitalism – than in almost any other period.1<span> We must begin with the questions: When in human history did the first exchange of goods between </span>Europe<span> and the other four continents of </span>Africa<span>, </span>Asia<span>, </span>America<span> and </span>Australia<span>occur? Where are the origins of what one could describe as on-going exchange, as established economic relations to be found? These questions refer to an even larger global context because the global economic edifice changed fundamentally from "proto-globalization" to </span><span>globalization </span>.2<span> This process was primarily determined by Europe from the 15th to the 20th century. From the 16th century to 1914, trade within Europe at all times constituted the most significant portion of global trade, and the volume of that trade grew disproportionately quickly during the early modern period and into the modern period.</span>3<span> National markets became increasingly interconnected, driven by numerous innovations in the areas of infrastructure, </span>transportation<span>, energy supply, and – not least – institutions (rules, constitutions, division of labour, currency standards, etc.). The transition from individual production to </span><span>mass production </span><span> and the convergence of prices of goods and materials made transactions considerab</span>
The tow leaders were Joseph Stalin and <span>Vladimir Lenin
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