Why a "banana republic" is not a good thing?

The term “banana republic” was coined in 1901 to refer to a country which its economy was primarily dependant on the exportation of a limited resource like bananas but also recognized for the exploitation of workers, corruption and badly governed. In addition to outside influence by foreign characters and some thinking that laws didn’t apply to them, the term became to describe a politically and unstable country plagued by benefiting only those at the top. So, if someone at work says the U.S. is becoming a “banana republic” in the 21st century, how do you respond?  

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Arturo Corral

Founder & Owner, Arturo has over 30 years of professional experience in management, sales development & training and diversity & inclusion. He has worked in 23 countries including cities such as Seoul, Montreal, Tokyo, London, Moscow, Sao Paulo, Madrid, Rome, Buenos Aires, Mexico City and Dubai, and in 45 U.S. states. His professional experience includes a diverse background in various industries such as executive in a Fortune 500 company, administrator for a state agency and managing satellite locations for a community college. Arturo’s volunteer experience ranges from holding the position of Co-Chair Diversity Business Council at the Conference Board, Board Chair for INROADS Midwest Region, Strategy Planning committee member for MERS Goodwill Board to presenter at The Forum on Workplace Inclusion Conference. He holds a master's degree in International Business and is ABD in a doctoral management program on Management Theory & Practice. He is also fluent in Spanish. And his alma mater is Northern Arizona University.

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