What does Banana republic mean?

Banana republic meaning in Etymology Dictionary

"small main United states condition with an economy determined by banana manufacturing," 1901, United states English.

Banana republic meaning in General Dictionary

a small nation (especially in Central America) which politically volatile and whose economic climate is ruled by international businesses and depends on one export (such as for example bananas)

Banana republic meaning in Idioms Dictionary

Banana republic is a phrase utilized for small nations being influenced by a single crop or resource and governed badly by a corrupt elite.