In an ever-expanding and interconnected globalized world, businesses find themselves engaging with a diverse and broad spectrum of both governmental and non-governmental entities. This trend leads to a broader and more diverse range of influences on economic policies, including bureaucratic, economic, and ideational factors. This paradigm holds particularly true for businesses operating in newly industrializing countries (NICs) that often face challenges due to limited political and administrative capacity when conducting their economic diplomacy abroad. However, it is worth noting that there is a scarcity of in-depth studies that specifically focus on businesses, particularly those operating within weak states, as the primary actors involved in economic diplomacy. The majority of existing studies tend to concentrate mainly on internal ministries, merely incorporating the private sector as one of many stakeholders of the state, rather than recognizing it as a distinctive and influential category of actors. When it comes to the role of business, there are inconsistencies in how the business community is treated in the literature. A majority of accounts seem to assume that the business sector, no matter what type of capital and how it operates, shares the same goal in making the state move in favor of their economic pursuits.