banana republic definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
any small, usually Latin American, country that is politically unstable and has a one-crop economy controlled by foreign capital
banana republic definition by American Heritage Dictionary
A small country that is economically dependent on a single export commodity, such as bananas, and is typically governed by a dictator or the armed forces.