Name one peripheral country and why
One peripheral country is Greece. Greece is considered peripheral because it is geographically located on the southernmost edge of Europe, making it somewhat isolated from the continent's core. Additionally, Greece has faced economic challenges and was severely impacted by the 2008 global financial crisis. The country's economic struggles, high debt levels, and limited access to financial markets have further contributed to its peripheral status within Europe.
One example of a peripheral country is Angola. Angola is considered peripheral because it is located on the periphery or outskirts of the global economic system. There are several reasons why Angola can be classified as a peripheral country:
1. Economic dependency: Angola's economy is heavily dependent on the export of natural resources, particularly oil. This reliance on a single commodity makes the country vulnerable to fluctuations in global oil prices. As a result, Angola's economic growth and development are closely tied to external factors, which can hinder its ability to diversify and become more self-sufficient.
2. Limited industrialization: Despite its vast natural resources, Angola has a relatively undeveloped industrial sector. This means that the country relies heavily on imports for manufactured goods, leading to trade imbalances and further economic dependency. The lack of a diversified and robust industry also limits job opportunities and hinders sustainable development.
3. Infrastructure challenges: Angola faces significant infrastructure challenges, including inadequate transportation networks, limited access to electricity and clean water, and underdeveloped healthcare and educational systems. These deficiencies hinder the country's ability to attract investment, foster economic growth, and improve living conditions for its population.
4. Political instability: Angola has experienced periods of political instability, including a lengthy civil war that lasted from 1975 until 2002. While the country has made progress towards peace and stability, ongoing political challenges, corruption, and governance issues continue to hamper its development efforts.
It's important to note that the classification of countries as peripheral can be subjective and can change over time. Additionally, there are multiple factors that contribute to a country's classification, and the above points are just a few examples specific to Angola.