Core-periphery theory
Core-periphery theory explains the economic and social disparities between regions. In this model, "core" regions are urban, industrialized, and prosperous, while "periphery" regions are rural, less developed, and dependent on the core. The core benefits from wealth, innovation, and infrastructure, attracting resources and labor. Meanwhile, the periphery often experiences stagnation and underdevelopment, relying on the core for investment and jobs. This theory helps us understand global inequalities and the uneven distribution of economic power, emphasizing the relationship between developed and developing areas.
Additional Insights
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Core Periphery Theory describes how economic, political, and social activities are unevenly distributed across a region. In this framework, "core" areas are urban centers with high levels of development, wealth, and resources, while "periphery" areas are typically rural or less developed, lacking in investment and opportunities. This theory explains that the core often dominates the periphery, leading to a cycle where the core becomes more prosperous while the periphery remains disadvantaged. Understanding this dynamic can help policymakers address regional inequalities and promote balanced development.