BANANAREPUBLIC

Banana republic

Banana republic is a political science term for a politically unstable country whose economy is largely dependent on the export of a single limited-resource product It typically has stratified social classes, including a large, impoverished working class and a ruling plutocracy that comprises the elites of business, politics, and the military. This politico-economic oligarchy controls the primary-sector productions and thereby exploits the country's economy.

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banana republic

Noun

  1. A small country, especially one in Central America, that is dependent on a single export commodity (traditionally bananas) and that has a corrupt, dictatorial government.


The above text is a snippet from Wiktionary: banana republic
and as such is available under the Creative Commons Attribution/Share-Alike License.

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