ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Today, the semi-periphery is generally industrialized. Semi-peripheral countries contribute to the manufacturing and exportation of a variety of goods. They are marked by above average land mass, as exemplified by Argentina, China, India, Brazil, Mexico, Indonesia, and Iran.

Detailed explanation-2: -Semi-peripheral countries (e.g., South Korea, Taiwan, Mexico, Brazil, India, Nigeria, South Africa) are less developed than core nations but more developed than peripheral nations. They are the buffer between core and peripheral countries.

Detailed explanation-3: -peripheral: Peripheral countries are dependent on core countries for capital and have underdeveloped industry. core: Describes dominant capitalist countries which exploit the peripheral countries for labor and raw materials. semi-peripheral: Countries that share characteristics of both core and periphery countries.

Detailed explanation-4: -Definition of Semi-peripheral Nations (noun) In world systems theory, nations that are not powerful enough to dictate economic and political policy but are sources of raw materials and an expanding middle-class marketplace which exploits peripheral nations, and is exploited by core nations.