dollar diplomacy

noun

1

: diplomacy used by a country to promote its financial or commercial interests abroad

2

: diplomacy that seeks to strengthen the power of a country or effect its purposes in foreign relations by the use of its financial resources

Examples of dollar diplomacy in a Sentence

Recent Examples on the Web

Yet the belief in the power of business alone to transform Cuban society—trumpeted by anti-embargo advocates like the U.S. Chamber of Commerce—can indeed sound suspiciously like dollar diplomacy. —Michael J. Bustamante, Foreign Affairs, 19 Aug. 2015

Paraguay’s presidential election is a referendum on China’s dollar diplomacy in Latin America 📬 Sign up for the Daily Brief Our free, fast, and fun briefing on the global economy, delivered every weekday morning. —Diego Lasarte, Quartz, 4 May 2023

The bottom line is China’s ultimate objective is to institutionalize Sino-African public-private partnerships by utilizing dollar diplomacy to create an ecosystem to support strategic interests. —Earl Carr, Forbes, 10 Feb. 2023

The tour was meant as a counterweight to China in a region where Beijing’s dollar diplomacy has bought significant influence. —New York Times, 30 Nov. 2020

Word History

First Known Use

1910, in the meaning defined at sense 1