These countries exhibit characteristics of both core and periphery. They may have some developed industries, but also rely on resource extraction and cheap labor.
Question
These countries exhibit characteristics of both core and periphery. They may have some developed industries, but also rely on resource extraction and cheap labor.
Solution
These countries are often referred to as "semi-periphery" countries. They are in the middle of the economic hierarchy, exhibiting traits of both core (developed) and periphery (developing) nations.
Step 1: Understanding Core and Periphery Core countries are dominant capitalist countries, highly industrialized, technologically advanced, and urbanized. Periphery countries are less developed than the core and the semi-periphery. They are usually characterized by low levels of industrialization and uneven urbanization.
Step 2: Identifying Semi-Periphery Characteristics Semi-periphery countries have aspects of both core and periphery countries. They often have more developed industries compared to periphery countries, but these industries may not be as advanced or diversified as those in core countries.
Step 3: Recognizing Dependence on Resource Extraction and Cheap Labor Semi-periphery countries often rely heavily on resource extraction and cheap labor for economic growth. This can include mining, forestry, and the production of raw materials, as well as industries such as textiles and assembly plants that take advantage of lower labor costs.
Step 4: Examples of Semi-Periphery Countries Examples of semi-periphery countries include India, Brazil, China, South Africa, and Mexico. These countries have significant industrialization and urbanization, but also have large sectors of their economy based on resource extraction and cheap labor.
Similar Questions
These are the dominant capitalist countries with strong economies, advanced industries, and significant political and cultural influence. They exploit peripheral countries for resources and cheap labor.
The core-periphery model helps to explain –Group of answer choiceswhy industry clusters near a market.growth poles.how underdeveloped countries are dependent on developed countries.how infrastructure benefits activity.
Core-periphery models are generally based on the idea thatResponsesall world regions are equally well developedall world regions are equally well developedlevels of social and economic development are fairly uniform between core areas and peripheral areaslevels of social and economic development are fairly uniform between core areas and peripheral areassharp spatial contrasts in social and economic development exist between economic heartlands and outlying subordinate areassharp spatial contrasts in social and economic development exist between economic heartlands and outlying subordinate areasthe growth and prosperity of core countries has not been achieved at the expense of peripheral countriesthe growth and prosperity of core countries has not been achieved at the expense of peripheral countriesthe economic and social heart of a territory should be at its geographic center
According to Ricardo, a country will have a comparative advantage in the product in which itsA) labor productivity is relatively low.B) labor productivity is relatively high.C) labor mobility is relatively low.D) labor mobility is relatively high.E) labor is outsourced to neighboring countries.
What are the basic economic questions and explain how it is related with economic resources of the country?
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