In political science, the term banana republic describes a politically and economically unstable country with an economy dependent upon the export of natural resources. A banana republic is a country with an economy of state capitalism, where the country is operated as a private commercial enterprise for the exclusive profit of the ruling class.
In political science, the term banana republic describes a politically and economically unstable country with an economy dependent upon the export of natural resources. A banana republic is a country with an economy of state capitalism, where the country is operated as a private commercial enterprise for the exclusive profit of the ruling class.
Source: Wikipedia "Banana republic" · CC BY-SA 4.0
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