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One main way in which a periphery country can rise to semi-periphery or core status is through the stabilization of its government. A country with a dictatorship type government is much easier to exploit and corrupt than one with a well-organized, elected government and core countries use this to their advantage. [13]
The semi-periphery exists because it needs to divide the economic power between the core and the periphery. Semi-periphery, referred to as the middle class by Wallerstein, is what makes the capitalist world function because it is much like the sociological structural functionalism theory, where norms, customs, traditions, and institutions act ...
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]
Dependency theory is the idea that resources flow from a "periphery" of poor and exploited states to a "core" of wealthy states, enriching the latter at the expense of the former. A central contention of dependency theory is that poor states are impoverished and rich ones enriched by the way poor states are integrated into the " world system ".
In the modern world-system, the division of labor consists of three zones according to the prevalence of profitable industries or activities: core, semiperiphery, and periphery. Countries tend to fall into one or another of these interdependent zones core countries, semi-periphery countries and the periphery countries.
In a capitalism-driven market, core countries exchange goods with the poor states at an unequal rate greatly in favor of the core countries. [34] The periphery countries’ purpose is to provide agricultural and natural resources along with the lower division of labor for larger corporations of semi-periphery and core countries. As a result of ...
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 ...