ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -There are three core areas of wealthy industrialized countries, all of which are found in the Northern Hemisphere: North America, Western Europe, and eastern Asia.

Detailed explanation-2: -The heart of the core countries consists of the United States, Canada, most of Western Europe, Japan, Australia and New Zealand. The population of the core is by far on average the wealthiest and best educated on the planet.

Detailed explanation-3: -Core countries (e.g., U.S., Japan, Germany) are dominant, capitalist countries characterized by high levels of industrialization and urbanization. Core countries are capital intensive, have high wages and high technology production patterns and lower amounts of labor exploitation and coercion.

Detailed explanation-4: -In the 1980s, the Brandt Line was developed as a way of showing the how the world was geographically split into relatively richer and poorer nations. According to this model: Richer countries are almost all located in the Northern Hemisphere, with the exception of Australia and New Zealand.

Detailed explanation-5: -Because of primogeniture in Europe. There, only first sons inherited the wealth, driving later sons into downward mobile circumstances and thus displacing the poor.