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- Dictionarybanana republic
noun
- 1. a small state that is politically unstable as a result of the domination of its economy by a single export controlled by foreign capital. derogatory
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In political science, the term banana republic describes a politically and economically unstable country with an economy dependent upon the export of natural resources. In 1904, American author O. Henry coined the term to describe Guatemala and Honduras under economic exploitation by U.S. corporations, such as the United Fruit Company (now Chiquita). Typically, a banana republic has a society of e... Wikipedia