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- DictionaryBa·nan·a re·pub·lic/bəˈnænə rəˈpəblɪk/
noun
- 1. a small nation, especially in Central America, dependent on one crop or the influx of 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