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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

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