Periphery Countries

Periphery countries refer to nations that are less economically developed and often rely on agriculture or low-cost manufacturing. They typically have weaker infrastructure, limited access to technology, and lower standards of living compared to core countries, which are highly developed and industrialized. Periphery countries often experience high levels of poverty and may depend on foreign investment or aid. This term is part of a larger economic theory that describes how global trade relationships can create disparities in wealth and development, reinforcing a cycle where periphery countries struggle to advance economically.