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And this is the semi-periphery listing according to Babones (2005), who notes that this list is composed of countries that "have been consistently classified into a single one of the three zones [core, semi-periphery or periphery] of the world economy over the entire 28-year study period".
A world map of countries by trading status in late 20th century using the world system differentiation into core countries (blue), semi-periphery countries (yellow) and periphery countries (red), based on the list in Dunn, Kawano, Brewer (2000) Developed countries are shown in blue (according to the International Monetary Fund, as of 2008).
The "world-system" refers to the inter-regional and transnational division of labor, which divides the world into core countries, semi-periphery countries, and periphery countries. [4] Core countries have higher-skill, capital-intensive industries, and the rest of the world has low-skill, labor-intensive industries and extraction of raw ...
The theory of the interstate system holds that all states are defined through their relationship to other states or through participation in the world economy, and that divisions between states help to divide the world into a core, periphery and semi-periphery. [1] [2]
Countries tend to fall into one or another of these interdependent zones core countries, semi-periphery countries and the periphery countries. [ 1 ] [ 2 ] Resources are redistributed from the underdeveloped, typically raw materials-exporting, poor part of the world (the periphery) to developed, industrialized core.
Accumulation in the periphery, on the other hand, is "extraverted," meaning that it is conducted in a manner beneficial to core countries, dictated by their need for goods and raw materials. This extraverted accumulation results in export specialization, with a large proportion of developing economies devoted to producing goods to suit foreign ...
This theory postulates a third category of countries, the semi-periphery, intermediate between the core and periphery. Wallerstein believed in a tri-modal rather than a bi-modal system because he viewed the world-systems as more complicated than a simplistic classification as either core or periphery nations.
There are, however, ways in which periphery countries can rise from their poor status and become semi-periphery countries or even core countries. It is crucial for the core countries to keep exploiting the natural resources of the periphery countries and to keep the governments semi-stable or else it could cause economic unrest for the core ...