ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Core periphery model or global regions where economic power, in terms of wealth, innovation, and advanced technology, is concentrated. An industry in which the production of goods and services is based in homes, as opposed to factories.

Detailed explanation-2: -The core-a central region in an economy, with good communications and high population density, which conduce to its prosperity-is contrasted with the periphery-outlying regions with poor communications and sparse population (for examples, see unemployment).

Detailed explanation-3: -Core-Periphery in Conflict Here are some examples of border clashes between nations of the core and the periphery: The growing fence between the U.S. (core) and Mexico (periphery) to prevent the entrance of unauthorized immigrants. The Demilitarized Zone between North and South Korea.

Detailed explanation-4: -The core areas are places of dominance, and these areas exert control over the surrounding periphery. Core areas are typically more developed and industrialized whereas the periphery is more rural and generally less developed.

Detailed explanation-5: -What is the core area/region? • In economic geography a “core region” is the. national or world districts of concentrated. economic power, wealth, innovation and advanced. technology.