Diplomatic corps

Once upon a time, across most of the world, governments made the major investment decisions over where the capital came from, and where it went. Now, globalization, privatization and deregulation between them leave most such decision-making to the whims of the equity markets. Does that mean that governments have no part in the process? Far from it. While ministers would once have schmoozed with central bankers to raise the readies, now they have to work much harder at 'diplo-IR', persuading