Statecraft (noun)

1. The art and skill of conducting political affairs, especially the management of international relations.
2. The ability to govern or to conduct state affairs with skill and wisdom.

Origin:

From "state" and "craft" meaning the art and skill of governing a state.

Examples:

1. The study of statecraft is important for understanding international politics.
2. The politician had a reputation for being a master of statecraft.
3. Statecraft is the practice of managing the internal and external affairs of a state.
4. He was known for his ability to balance different interests through statecraft.
5. The statesman was an expert in statecraft and had a deep understanding of how to conduct diplomacy.