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You can also trade technologies, money, or regions with other countries for a boost in relations (depending on the value of the items being traded), but this is also on a one-by-one basis. You can sign a single treaty with multiple countries at once given they don't already hate you, so you can increase relations with all of the signatories simultaneously.
The noble cause treaty improves relations between signatories, but reduces relations with nations who aren't a member of the treaty.
Other than treaties and the foreign aid slider, though, the best way to maintain good relations is to not go around invading countries that have decent relations with you and/or the rest of the world.
Setting propaganda budget 0
Setting Foreing aid budget Maximum
Setting your goverment type same as side that you want to be friend.
Joining into all same treaties that who you want to be friend with
Setting laws same as country you want to be friend have.
Making sure that no langue or religion that is major in that other country is not illigal in your country.
You can also propose cultural exchange and new treaties with them.
Trade negotiations is also another way to improve relations.
edit: the bigger the country you occupy, the bigger the relation boost you get with one release.
Simulation? This game doesn't simulate anything, it's not even remotely close to real world affairs. It's a very old game with very simplified mechanics and simulations, it is VERY VERY abstract and simplified.
That fact that you don't like the simulation doesn't prevent it from being a simulation.