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Peripheral Countries
Nations that are less developed economically and are often dependent on the core countries for capital and have less control over their own economies.
Raw Materials
Basic substances in their natural, modified, or semi-processed states, used as inputs for manufacturing, constructing, or processing goods and products.
Cheap Labor
Workforce available for employment at very low wages, often exploited by employers to minimize production costs.
Global Inequality
Refers to differences in the economic ranking of countries.
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