Banana republic

Banana Republic (English Banana republic, Spanish República bananera) is a term originally used to refer to the developing countries of Latin America, in which, due to political instability and dependence on inefficient agricultural production, there was a backward infrastructure, education and economy, a strong dependence on foreign capital, relatively high inflation, budget deficits and a depreciating national currency.

The term "banana republic" was first used by the American humorous writer O. Henry in the collection of stories "Kings and Cabbage" in 1904 (Korney Ivanovich Chukovsky used the expression "fruit republic" in translation into Russian).

In a narrow sense, it was used in relation to the countries of Central America, where for a long time the American fruit company Chiquita (the former United Fruit Company, aka United Brands) had and is exerting a strong influence on the economy and politics of the countries of the region (in particular, organized several military interventions, including the invasion of Guatemala and a large number of coups d'état).

In modern language, the expression "banana republic" means a country with a corrupt government, a ruined economy, large foreign debt, corruption and bribery of officials, low wages and a large percentage of the population living below the poverty line.