Banana republic
From Simple English Wikipedia, the free encyclopedia
Banana republic is a pejorative name for a country which has an unstable government and high corruption. There are many coups in banana republics. Some countries in Central and South America are often called banana republics. In fiction Central American countries are often depicted as banana republics.
The 'original' Banana republic is Honduras. In the early 20th century the United Fruit Company had very much influence in the country. They even deposed a president and installed a new one because the old president wanted too high taxes.
Some people say the coup against Jacobo Arbenz, president of Guatemala, in 1954 was because Arbenz took land from banana companies.
The Banana Republic is the name of a clothing company in the United States.
