Foreign policy

Written by Fmi.Online Friday January 6, 2023
A foreign policy is a set of pre-established strategies designed and implemented systematically to manage a country’s relationships with other nations. They are structured guidelines that regulate international political dealings.

Explanation :

Foreign policies are drafted by governments to deal with international affairs adequately. These policies have different goals depending on the country’s interests. The purpose of it is to regulate the way the country interacts with the rest of the world, to guarantee that domestic affairs are properly safeguarded from outsiders and foreign goals are achieved. Depending on a country’s main agenda, which could be an economic, social or political agenda, the foreign policy is shaped to promote that agenda, to gain supporters and to increase international awareness and engagement. It also draws boundaries to keep allies close and enemies isolated by expanding or reducing relationships with each. There are many topics covered by a foreign policy such as immigration policies, international trade, war and military conflicts, international organizations and international law, among other subjects. There’s normally a person in charge of foreign policy issues, designated by the highest executive authority of each country. In the U.S. the Secretary of State is the person in charge of managing the country’s foreign policy.

In a nutshell :

  • While international trade has been present throughout much of history, its economic, social, and political importance have increased in recent centuries, mainly because of industrialization, advanced transportation, globalization, the growth of multinational corporations, and outsourcing.
  • During World War II, 44 countries signed the Bretton Woods Agreement, a system of monetary management that established the rules for commercial and financial relations among the world’s major industrial states.
  • This Agreement resulted in the creation of organizations such as the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (later divided into the World Bank and Bank for International Settlements).
  • The World Trade Organization (WTO) is an organization that was formed in 1995 to supervise and liberalize international trade and foreign policy.
Our Courses are designed to boost your career

Launch your career with Fmi’s Learning Pathway

Choose a learning pathway that best meets your needs and ambitions. Not sure which Fmi learning pathway is right for you? Explore our CareerBuddy videos for help and advice.

Investment banking pathway
  • courses-clock60+ hours
  • courses-desktop9 courses

Investment banking offers many exciting career opportunities for students. From Financial Analysts to Investment Management, and Sales & Trading to a wide range of roles in infrastructure such as IT, Risk or Compliance. This pathway is designed to help you understand the investment banking industry, the roles investment banks are recruiting for, and most importantly, help you to develop the practical skills you need to get into the industry and your preferred role whether this be as part of a school leaver, intern or graduate program.

FMI Online Student join-student-img2 FMI Online Student
55,000+ students currently enrolled
Global markets pathway
  • courses-clock70+ hours
  • courses-desktop10 courses

Global markets provide a range of important products and services to corporates, institutions and governments worldwide from executing trades and managing risk to providing quality research content. A key business area in all investment banks, global markets offers a wide range of career paths for students to consider across all functions and at all levels from school leavers to internships through to graduate programs.

FMI Online Student join-student-img2 FMI Online Student
85,000+ students currently enrolled
Asset management pathway
  • courses-clock50+ hours
  • courses-desktop8 courses

The asset management industry is a global industry worth over 100 trillion US dollars. It plays a crucial role in managing the assets of retail and institutional investors, offering a wide range of exciting careers in doing so. If you’re looking to forge a career in asset management, our Asset management pathway is perfect for you. We help you build the skills all asset managers are looking for and explore everything you need to know about the industry and the wide range of roles available in the sector

FMI Online Student join-student-img2 FMI Online Student
100,000+ students currently enrolled