Definition, Meaning & Synonyms
dollar diplomacy
noun
ˈdɑːlər dɪˈpləʊməsi
Definition
A foreign policy strategy that seeks to promote American interests abroad through economic power, particularly by using financial investments and loans to influence other countries.
Examples
- The United States employed dollar diplomacy in Latin America during the early 20th century.
- Through dollar diplomacy, the government aimed to stabilize regions by investing in their economies.
- Critics argue that dollar diplomacy often prioritized American business interests over the needs of local populations.
Meaning
Dollar diplomacy focuses on using a country’s economic resources to achieve diplomatic and strategic goals, often involving the provision of loans or financial aid to foreign nations as a means of expanding influence and fostering favorable relations.
Synonyms
- economic diplomacy
- financial diplomacy
- investment diplomacy
