Author Topic: Of Banana Republics (Read 1828 times)

islander · « **on:** August 27, 2020, 12:10:47 AM »

What is a Banana Republic?

In political science, the term banana republic describes a politically unstable country with an economy dependent upon the exportation of a limited-resource product, such as bananas or minerals. (wikipedia)

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islander · « **Reply #1 on:** August 27, 2020, 12:27:10 AM »

What Is a Banana Republic? Definition and Examples

By Robert Longley
November 19, 2019

[/size]A banana republic is a politically unstable country with an economy dependent entirely on revenue from exporting a single product or resource, such as bananas or minerals. It is generally considered a derogatory term describing countries whose economies are controlled by foreign-owned companies or industries.

[/size]Key Takeaways: Banana Republic

-A banana republic is any politically unstable country that generates most or all of its revenue from exporting a single product, such as bananas.[/font]

-The economiesâ€”and to an extent the governmentsâ€”of banana republics are controlled by foreign-owned companies. [/font]

[/size]-Banana republics are characterized by highly stratified socioeconomic structure, with unequal distribution of wealth and resources.

[/size]-The first banana republics were created in the early 1900s by multinational American corporations, such as the United Fruit Company, in depressed Central American countries.

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Author Topic: Of Banana Republics (Read 1828 times)

islander

Of Banana Republics

islander

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