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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 ...
Semi-periphery countries have organizational characteristics of both core countries and periphery countries and are often geographically located between core and peripheral regions as well as between two or more competing core regions. [1] Semi-periphery regions play a major role in mediating economic, political, and social activities that link ...
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 the lower priced division of labor and natural resources available, the core state's companies buy these products for a relatively low cost and ...
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.
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.
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 ...
A zone defined as "semi-periphery" acts as a periphery to the core and as a core to the periphery. At the end of the 20th century, this zone would comprise Eastern Europe, China, Brazil, and Mexico. It is important to note that core and peripheral zones can co-exist in the same location. [citation needed]