banana republic

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banana republic

A small country, often led by a corrupt government, whose economy depends upon either one internally-produced commodity or the revenue generated by foreign companies or investors. The dictator's insistence that the tiny island nation double down on its dominate export has made it even more of a banana republic.
See also: banana, republic
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

banana republic

a small tropical state, especially one in central America, whose economy is regarded as wholly dependent on its fruit-exporting trade. derogatory
See also: banana, republic
Farlex Partner Idioms Dictionary © Farlex 2017
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References in periodicals archive ?
Finally such states are classified as banana republics. Although laws exist, making it illegal and criminal to chop a tree planted on state owned land, the paid uniformed law enforcement rarely performs.
Sean Hannity, the Fox News anchor and Trump cheerleader, says the United States is "on the brink of becoming a banana republic." Hes correct, but for all the wrong reasons.
The definition of a "banana republic" is an unstable country run by an unrestrained and unaccountable dictator.