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Since banana exports came to dominate the overseas trade and most of the foreign exchange earnings of Central American countries, and the companies could use their financial clout as well as carefully established connections with local elites, they had great influence over politics in those areas, leading O. Henry, who lived in Honduras (which ...
The banana plant is the largest herbaceous flowering plant. [2] All the above-ground parts of a banana plant grow from a structure called a corm. [3] Plants are normally tall and fairly sturdy with a treelike appearance, but what appears to be a trunk is actually a pseudostem composed of multiple leaf-stalks ().
A banana plantation in St. Lucia. The banana industry is an important part of the global industrial agrobusiness. About 15% of the global banana production goes to export and international trade for consumption in Western countries. [1] They are grown on banana plantations primarily in the Americas. [2]
Banana plantations, as well as growing the fruit, may also package, process, and ship their product directly from the plantation to worldwide markets.Depending on the scope of the operation, a plantation's size may vary from a small family farm operation to a corporate facility encompassing large tracts of land, multiple physical plants, and many employees.
After the signing of the NAFTA agreements in the 1990s, however, the tide turned against peasant producers. Their costs of production were relatively high and the ending of favorable tariff and other supports, especially in the European Economic Community, made it difficult for peasant producers to compete with the bananas grown on large plantations by the well capitalized firms like Chiquita ...
Commercial banana production in the United States is relatively limited in scale and economic impact. While Americans eat 26 pounds (12 kg) of bananas per person per year, the vast majority of the fruit is imported from other countries, chiefly Central and South America, where the US has previously occupied areas containing banana plantations, and controlled the importation of bananas via ...
Some traffickers have created front companies to mimic legitimate banana exporters, while others have acquired legitimate businesses, including plantations. They have found companies willing to be ...
Entrance façade of the old United Fruit Building at 321 St. Charles Avenue, New Orleans, Louisiana The United Fruit Company (later the United Brands Company) was an American multinational corporation that traded in tropical fruit (primarily bananas) grown on Latin American plantations and sold in the United States and Europe.