Tuesday, 7 February 2017

The Banana Republics

Banana republic is a political science term used originally for politically unstable countries in Latin America whose economies are largely dependent on exporting a limited-resource product, e.g. bananas.

It typically has stratified social classes, including a large, impoverished working class and a ruling plutocracy of business, political, and military elites.
This politico-economic oligarchy controls the primary-sector productions to exploit the country's economy.

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