Periphery Nations

Periphery nations are countries that are less economically developed and often rely on exporting raw materials or primary products to more industrialized nations. They typically have weaker political and economic institutions, limited industrialization, and face challenges like poverty and insufficient infrastructure. These nations are usually located at the margins of the global economy and can be vulnerable to economic fluctuations in core countries. The concept helps explain global economic disparities, where periphery nations depend heavily on dominant, core countries for trade, investment, and technology.