Liberal Dictionary English Dictionary
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.
noun mainly US
- a foreign policy that encourages and protects capital investment and commercial and financial involvement abroad
- use of financial power as a diplomatic weapon
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.