Checkbook diplomacy or chequebook diplomacy, is used to describe a foreign policy which openly uses economic aid and investment between countries to achieve diplomatic favor. == Abkhazia and South Ossetia == More recently, the term has been introduced as pertaining to the diplomatic recognition of the breakaway South Caucasus states of Abkhazia or South Ossetia by a short list of Pacific island nations.
Checkbook diplomacy or chequebook diplomacy, is used to describe a foreign policy which openly uses economic aid and investment between countries to achieve diplomatic favor. == Abkhazia and South Ossetia == More recently, the term has been introduced as pertaining to the diplomatic recognition of the breakaway South Caucasus states of Abkhazia or South Ossetia by a short list of Pacific island nations.
Source: Wikipedia "Checkbook diplomacy" · CC BY-SA 4.0
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