core countries
Definition
Core countries are those nations which have a dominant position within the global economic system, possessing advanced industrial capacities, technological sophistication, and high levels of wealth. They exert significant influence over world trade and political decisions, often setting international norms and standards.
Analogy
Imagine the global economy as a solar system where core countries are like the sun, providing the energy (wealth and technology) that drives economic activity. Just as planets orbit around the sun due to its gravitational pull, other countries align themselves economically and politically with these core nations due to their dominant positions.
Related terms
Peripheral Countries: Nations that are less developed than core countries, often relying on exporting raw materials and agricultural products at low prices.
Semi: Peripheral Countries - These countries serve as a middle ground in the world economy, possessing elements of both industrialized and developing states, acting as intermediaries in economic interactions between core and peripheral countries.
Globalization: The process by which businesses or other organizations develop international influence or start operating on an international scale, closely associated with the influence of core countries on global trade policies and practices
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