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dollar diplomacy
noun
- a government policy of promoting the business interests of its citizens in other countries.
- diplomacy or foreign relations strengthened by the power of a nation's financial resources.
dollar diplomacy
noun
- a foreign policy that encourages and protects capital investment and commercial and financial involvement abroad
- use of financial power as a diplomatic weapon
dollar diplomacy
- 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 .
51³Ô¹Ï History and Origins
Origin of dollar diplomacy1
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.
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.
Tsai accused Beijing of using “dollar diplomacy†to poach another Taiwanese ally.
Tsai echoed these frustrations, saying her country would not engage in a “meaningless contest of dollar diplomacy with China.â€
Tsai accused China of using “dollar diplomacy†to lure away Honduras.
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