Core Perifff

Question 1

Q1: Which countries are considered the core or dominant centres of the global economy?

Answer 1

A1: USA, Canada, EU countries, UK, Switzerland, Norway, Japan, South Korea, Singapore, Australia, New Zealand.

Question 2

Q2: What characteristics define these dominant economies?

Answer 2

A2: Diversified advanced economies, dense infrastructure, high development and income levels, early industrialisation, and colonial histories.

Question 3

Q3: What share of global trade and FDI do these core regions receive?

Answer 3

A3: About 60% of global trade and 65% of foreign direct investment (FDI).

Question 4

Q4: Which high-value activities are concentrated in these countries?

Answer 4

A4: Finance, technology, research and design, intellectual property, and global services.

Question 5

Q5: What recent trend has slightly weakened the dominance of the Global North?

Answer 5

A5: The rise and integration of emerging powers in the global economy.

Question 6

Q6: Name some key emerging powers integrated into the global economy.

Answer 6

A6: China, India, Brazil, Russia, South Africa, Indonesia, Vietnam, Saudi Arabia, UAE, Turkey, Malaysia.

Question 7

Q7: What major economic role do these countries play?

Answer 7

A7: They are central to global manufacturing, raw material exchanges, services, and mobility.

Question 8

Q8: What percentage of global manufacturing occurs in top emerging countries?

Answer 8

A8: 43% of global manufacturing.

Question 9

Q9: What share of global sovereign wealth funds do these countries control?

Answer 9

A9: 71%.

Question 10

Q10: What limitations do emerging powers still face?

Answer 10

A10: Unequal development, internal inequality, and less control over global governance and trade rules.

Question 11

Q11: What regions make up the peripheral areas of the global economy?

Answer 11

A11: Central and South America, North and Southern Africa, South and Central Asia, South-East Asia, and small island states.

Question 12

Q12: How are these countries integrated into the global economy?

Answer 12

A12: Mostly through exports of raw materials, tourism, manufactured goods, remittances, or tax haven status.

Question 13

Q13: What are the economic limitations of these peripheral countries?

Answer 13

A13: Dependency on commodities, low-value participation in Global Value Chains, and limited industrial diversity.

Question 14

Q14: What historical factor still affects these countries?

Answer 14

A14: The on-going legacy of colonialism and unequal trade relationships with core countries.

Question 15

Q15: Which areas are considered the least integrated in the global economy?

Answer 15

A15: Parts of Sub-Saharan Africa, Middle Eastern countries like Syria, Yemen, Afghanistan, and isolated island states

Question 16

Q16: What status do many of these countries share?

Answer 16

A16: LDCs – Least Developed Countries.

Question 17

Q17: What are the main obstacles these countries face?

Answer 17

A17: High poverty, low investment, weak infrastructure, political instability, conflict, and heavy dependency on aid or raw exports.

Question 18

Q18: How do these countries participate in global trade?

Answer 18

A18: Mostly through low-value raw material exports, foreign aid, and in some cases, illicit flows.

Question 19

Q19: What term describes the unequal structure of global integration?

Answer 19

A19: Territorial hierarchies — core, semi-periphery, periphery, and excluded zones.

Question 20

Q20: What historical processes helped shape current global hierarchies?

Answer 20

A20: Colonialism, early industrialisation, and the structuring of global trade under unequal terms.