Choose the option which best describes the expression: Banana Republic.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → A small country whose economy is dominated by a single export controlled by foreign capital.
A banana republic is a small, politically unstable country whose economy depends on one export, such as bananas, and is controlled by foreign companies. The term was coined by the American writer O. Henry in "Cabbages and Kings" (1904), about the Central American countries run in the interests of fruit companies.
Example: Critics warned that the country was turning into a banana republic.