Meaning of the word "banana republic" in English

What does "banana republic" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

banana republic

US /bəˈnænə rɪˈpʌblɪk/
UK /bəˈnænə rɪˈpʌblɪk/
"banana republic" picture

Noun

1.

a small state, especially in Central America, that is politically unstable and dependent on foreign capital, typically for the export of one crop (e.g., bananas)

Example:
The country was often referred to as a banana republic due to its reliance on a single export crop and corrupt government.
Critics argued that the new policies would turn the nation into a mere banana republic.
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