Business Daily from THE HINDU group of publications Monday, Sep 14, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Economy Columns - For the Asking Banana republic What is a banana republic? Ragini Nandakumar, Chennai
The term is a pejorative used to derisively call any small country which is dominated by foreign companies and depends on survival on export of one product. The term has its origin in Central America where small nations often politically unstable and dependant on foreign companies with just bananas to show, have been a butt of joke by political commentators in more stable economies. S. MURLIDHARAN More Stories on : Economy | Politics | For the Asking
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