What country inspired the term Banana Republic?
Banana republic while the debts incurred thereby are the financial responsibility of the public treasury. Such an imbalanced economy remains limited by the uneven economic development of town and country, and usually reduces the national currency into devalued banknotes (paper money), rendering the country ineligible for international development credit. In the 19th century, the American writer O. Henry (William Sydney Porter, 1862–1910) coined the term "banana republic" to describe the fictional Republic of Anchuria in the book "Cabbages and Kings" (1904), a collection of thematically related short stories inspired by his experiences in Honduras, where he lived for six months until January
Banana republic the economy by way of the exploitation of labour; thus, the term "banana republic" is a pejorative descriptor for a servile dictatorship that abets and supports, for kickbacks, the exploitation of large-scale plantation agriculture, especially banana cultivation. In economics, a banana republic is a country with an economy of state capitalism, by which economic model the country is operated as a private commercial enterprise for the exclusive profit of the ruling class. Such exploitation is enabled by collusion between the state and favored economic monopolies, in which the profit, derived from the private exploitation of public lands, is private property,