What is the meaning of banana republic?
In political science, the term banana republic denotes a country dependent upon limited primary-sector productions, which is ruled by a plutocracy who exploit the national economy by means of a politico-economic oligarchy.
In american literature, it originally denoted the fictional Republic of Anchuria, a servile dictatorship that abetted, or supported for kickbacks, the exploitation of large-scale plantation agriculture, especially banana cultivation.
In U.S. politics, the term banana republic is a pejorative political descriptor coined by the American writer O Henry in Cabbages and Kings (1904), a book of thematically related short stories ...more
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