Banana Republics (Meaning and context)
A small country that is economically dependent on a single export commodity, such as bananas, and is typically governed by a dictator or the armed forces. Banana republic is a pejorative term for a small, often Latin American , Caribbean or African country that is politically unstable, dependent on limited agriculture, and ruled by a small, self-elected, wealthy and corrupt clique.[citation needed] In most cases they have kept the government structures that were modeled after the colonial Spanish ruling clique, with a small, largely leisure class on the top and a large, poorly educated and poorly paid working class of peons . The term was spooned by O. Henry , an American humorist and short story writer, in reference to Honduras . "Republic" in his time was often a euphemism for a dictatorship, while "banana" implied an easy reliance on basic agriculture and bausually presided over by a dictatorial military junta that exaggerates its own pckwardness in the dev...