Core-Periphery Model

What is it about?

Core-periphery imbalances and regional disparities figure prominently on the agenda of several disciplines, which result from their enormous impact on economic and social development around the world. In sociology, international relations, and economics, this concept is crucial in explanations of economic exchange. There are few countries that play a dominant role in world trade (sometimes described as the “Global North”), while most countries have a secondary or even a tertiary position in world trade (the “Global South”). Moreover, when we are discussing global, continental, regional, and national economies, we can present regions and even smaller territorial units (such as subregions, provinces, districts, or counties) which have higher wages than some underdeveloped areas within the same larger area in focus.

Featured Image