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Multinational Corporations
Corporations that conduct business across national borders.
Peripheral Nations
Countries that are not dominant in the global economy, often characterized by lower levels of industrialization, weaker institutions, and lower living standards compared to core nations.
Colonialism
System by which Western nations became wealthy by taking raw materials from other societies (the colonized) and reaping profits from products finished in the homeland.
Gini Coefficient
Measure of income distribution within a given population.
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