dollar diplomacy

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.

dollar diplomacy

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

dollar diplomacy

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 .

Word History and Origins

Origin of dollar diplomacy¹

An Americanism dating back to 1905–10

Example Sentences

Taiwan and China have for years accused each other of buying diplomatic recognition with generous aid packages, but Taipei says it will not use "dollar diplomacy" to compete with Beijing.

From Reuters

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