DBC 2311 - Banana Republic

 

The Banking Tutor 

Daily Banking Concept -  2311 

Banana Republic 

In economics, a Banana Republic is a country that's dependent on exporting a single product or commodity, and has an economy that's controlled by foreign corporations. The term is often used to describe countries in the tropics that are run despotically. 

The term "banana republic" was coined in 1904 by American author O. Henry. Characteristics of banana republic is Economic instability, Political instability, Social inequality, Exploitation of resources. 

Sekhar Pariti

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