Banana republic

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The phrase banana republic was coined (ca. 1904) by the American writer O. Henry (William Sydney Porter, 1862–1910).

A banana republic is a politically unstable country whose economy depends on the export of one product in limited supply, such as bananas or minerals. A banana republic has social classes that are divided by wealth. These include a large, poor working class and a small ruling class made up of the businessmen, politicians, and the military.[1] The ruling class controls and exploits the country's economy.[2]

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References[change | change source]

  1. White, Richard Alan (1984). The Morass. United States Intervention in Central America. New York: Harper & Row. p. 319. ISBN 978-0-06-091145-4. 
  2. "Big-business Greed Killing the Banana (p. A19)". The Independent, via The New Zealand Herald. Saturday 24 May 2008. http://www.highbeam.com/doc/1G1-179318358.html. Retrieved Sunday 24 June 2012.