Good Neighbor Policy Law and Legal Definition

The Good Neighbor policy refers to the foreign policy of the administration of U.S. President Franklin Roosevelt toward the countries of Latin America. The policy mainly aimed for non-interference of the U.S. in the domestic affairs of Latin America, for creating new economic opportunities in the form of reciprocal trade agreements with Latin America. The president’s commitment to the policy of the good neighbor, the approach marked a departure from traditional American interventionism.