No.. that's not specifically it at all.
reply> dependent on exporting a single product or commodity, often controlled by foreign-owned entities [0]
Such countries/regions long existed before the US, although the term was coined by a US writer (William Sydney Porter), and the Banana industry (specifically) has a lot to answer for (in the US specifically). A region making money from.. foreign-owned chips, oil, IT-consultants or Sardines has the same status. The term has a terrible history (surprising the Gap hasn't rebranded).
The US being a puppet state of US commercial interests seems to be an apt description.
replyhttps://en.wikipedia.org/wiki/Banana_republic
replyBanana republic isn’t specific to US control and it’s actually not that unreasonable to call Russia a banana republic
Because their economy is almost exclusively oil? Quite a few countries of the world would qualify if that's the case.
replyTotal bullshit.
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