Search results
Results from the WOW.Com Content Network
In political science, the term banana republic describes a politically and economically unstable country with an economy dependent upon the export of natural resources. In 1904, American author O. Henry coined the term [ 1 ] [ 2 ] to describe Guatemala and Honduras under economic exploitation by U.S. corporations, such as the United Fruit ...
In 1912, during the Banana Wars period, the U.S. occupied Nicaragua as a means of protecting American business interests and protecting the rights that Nicaragua granted to the United States to construct a canal there. [57] At the same time, the United States and Mexican governments competed for political influence in Central America.
United Fruit had a deep and long-lasting effect on the economic and political development of several Latin American countries. Critics often accused it of exploitative neocolonialism, and they described it as the archetypal example of the influence of a multinational corporation on the internal politics of the so-called banana republics.
Paul Marlor Sweezy (April 10, 1910 – February 27, 2004) was a Marxist economist, political activist, publisher, and founding editor of the long-running magazine Monthly Review. He is best remembered for his contributions to economic theory as one of the leading Marxian economists of the second half of the 20th century.
Monopoly Capital: An Essay on the American Economic and Social Order is a 1966 book by the Marxian economists Paul Sweezy and Paul A. Baran. It was published by Monthly Review Press . It made a major contribution to Marxian theory by shifting attention from the assumption of a competitive economy to the monopolistic economy associated with the ...
Paul Alexander Baran (/ ˈ b æ r ən /; 25 August 1909 – 26 March 1964) was an American Marxist economist.In 1951, Baran was promoted to full professor at Stanford University.
What causes dependency is the inhibition of development and economic/political reform that results from trying to use aid as a long-term solution to poverty-ridden countries. Aid dependency arose from long term provisions of aid to countries in need in which the receiving country became accustomed to and developed a dependency syndrome. [ 30 ]
Corporatocracy [a] or corpocracy is an economic, political and judicial system controlled or influenced by business corporations or corporate interests. [ 1 ] The concept has been used in explanations of bank bailouts , excessive pay for CEOs , and the exploitation of national treasuries, people, and natural resources . [ 2 ]