…a country that is politically unstable, …and ruled by a small, self-elected, wealthy, and corrupt clique…especially one where elections are often fraudulent and corruption is rife.
…the word is occasionally applied to governments where a strong leader hands out appointments and advantages to friends and supporters, without much consideration for the law.
A banana republic can also be used to describe a country where a large part of its economy and politics are controlled by foreign powers or even corporations.
…a banana republic also typically has large wealth inequities…a "backward" economy, a reliance on foreign capital and money printing, budget deficits, and a weakening currency.
8/26/09
What is a Banana Republic?
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