A banana republic idiom meaning

Tropico is the excellent nation-builder game that simulates a Caribbean banana republic during the Cold War. If those consumers get their hands on some money, they'll move upmarket to Crate and Barrel and banana republic.

The correct answer is- 'A small or poor country with a weak government. Key Points. Additional Information. Last updated on Feb 5, A total number of Vacancies have been announced by the commission. Get Started.

A banana republic idiom meaning

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 , the American author O. Henry coined the term [1] [2] to describe Guatemala and Honduras under economic exploitation by U. Typically, a banana republic has a society of extremely stratified social classes , usually a large impoverished working class and a ruling class plutocracy , composed of the business, political, and military elites. A banana republic is a country with an economy of state capitalism , whereby the country is operated as a private commercial enterprise for the exclusive profit of the ruling class. Such exploitation is enabled by collusion between the state and favored economic monopolies , in which the profit, derived from the private exploitation of public lands, is private property, while the debts incurred thereby are the financial responsibility of the public treasury. Such an imbalanced economy remains limited by the uneven economic development of town and country and usually reduces the national currency into devalued banknotes paper money , thereby rendering the country ineligible for international development credit. In the 19th century, the American writer O. Henry William Sydney Porter, — coined the term banana republic to describe the fictional Republic of Anchuria in the book Cabbages and Kings , [1] a collection of thematically related short stories inspired by his experiences in Honduras , whose economy was heavily dependent on the export of bananas. He lived there for six months until January , hiding in a hotel while he was wanted in the United States for embezzlement from a bank. In the early 20th century, the United Fruit Company , a multinational corporation, was instrumental in the creation of the banana republic phenomenon.

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These examples are programmatically compiled from various online sources to illustrate current usage of the word 'banana republic. Send us feedback about these examples. Banana River. Accessed 7 Mar. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! See Definitions and Examples ». Cite this Entry Citation Share.

By signing in, you agree to our Terms and Conditions and Privacy Policy. We'll see you in your inbox soon. The term banana republic describes a struggling country whose economy depends on exporting natural resources — particularly agriculture, hence the banana — to larger, wealthier nations. These countries are politically unstable, making them susceptible to worker exploitation, government corruption, and foreign control. Like much of modern capitalism, the term banana republic came to be in the early 20th century. Writer O. Henry first used the term in a short story called "The Admiral," published in his book Cabbages and Kings. In the constitution of this small, maritime banana republic was a forgotten section that provided for the maintenance of a navy.

A banana republic idiom meaning

The term was first used in by the American writer O. While on the run from the government after being charged with embezzlement, he found refuge in a cheap hotel in Honduras. Baker introduced the banana to the Western world. The country became a single-purpose economy for the US. Share your opinions 3 Opinions.

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Henry William Sydney Porter, — coined the term banana republic to describe the fictional Republic of Anchuria in the book Cabbages and Kings , [1] a collection of thematically related short stories inspired by his experiences in Honduras , whose economy was heavily dependent on the export of bananas. Browse alphabetically banana republic. Paul Noble Method. Countries that obtained independence from colonial powers in the 20th century have at times thereafter tended to share traits of banana republics due to influence of large private corporations in their politics; [38] for example, Maldives resort companies [39] and the Philippines tobacco industry, U. Choose a dictionary. In , the American author O. English usage. Suggested Test Series. Need a translator? To anger or irritate. Quiz Mandarin Chinese confusables. Mandarin Chinese characters. Puneet Chaudhary. By the s, the United Fruit Company owned 1,, hectares 3. A banana republic is a country with an economy of state capitalism , whereby the country is operated as a private commercial enterprise for the exclusive profit of the ruling class.

The dictator's insistence that the tiny island nation double down on its dominate export has made it even more of a banana republic. Farlex Dictionary of Idioms.

Share the Definition of banana republic on Twitter Twitter. In the early 20th century, the United Fruit Company , a multinational corporation, was instrumental in the creation of the banana republic phenomenon. Check See the answer Next Next quiz Review. The Making of a Banana Republic. Usage explanations of natural written and spoken English. Need a translator? These drug cartels serve as the main transporters of cocaine and other drugs from Latin America to the United States. British Dictionary definitions for banana republic. English—French French—English. Read Edit View history. Archived from the original on 7 January