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.
YouTube link
(via Neatorama)
192 comment(s):
Post a Comment