dollar diplomacy

American  

noun

1. a government policy of promoting the business interests of its citizens in other countries.

2. diplomacy or foreign relations strengthened by the power of a nation's financial resources.

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dollar diplomacy British  

noun

1. a foreign policy that encourages and protects capital investment and commercial and financial involvement abroad

2. use of financial power as a diplomatic weapon

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dollar diplomacy Cultural  

1. The use of diplomatic influence, economic pressure, and military power to protect a nation's economic and business interests abroad. The term was first used to describe the exploitative nature of United States involvement in Latin America.

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Etymology

Origin of dollar diplomacy

An Americanism dating back to 1905–10

Example Sentences

After 1909, Secretary of State Philander Knox, one of the founders of the United States Steel Corporation, pursued a program of "dollar diplomacy" that promoted American power through overseas investments rather than territorial conquests.

From Salon

Tsai accused Beijing of using “dollar diplomacy” to poach another Taiwanese ally.

From Seattle Times

Tsai echoed these frustrations, saying her country would not engage in a “meaningless contest of dollar diplomacy with China.”

From Washington Post

Tsai accused China of using “dollar diplomacy” to lure away Honduras.

From Seattle Times

Taiwan said in the days leading to China and Honduras announcing diplomatic ties that Chinese involvement was obvious, and that Taiwan would not engage in "meaningless" dollar diplomacy with China.

From Reuters