Name one core peripheral country and why and also which countries it exploits
One example of a core peripheral country is Haiti.
Haiti is considered a core peripheral country because it has a dependent and exploitative relationship with more powerful countries. This dependency is mainly rooted in historical and economic factors.
Haiti was a former colony of France and gained independence in 1804 after a successful slave revolution. However, France imposed heavy indemnity payments on Haiti as compensation for lost property and revenue from slavery, leading to significant economic burden and debt for the newly formed nation. This debt crippled Haiti's economic development and made it depend on foreign assistance and loans.
Furthermore, Haiti has experienced years of political instability, corruption, and natural disasters, which further hampered its economic growth and development. It has struggled with poverty, unemployment, limited infrastructure, and inadequate access to healthcare and education.
To exploit Haiti's economic vulnerabilities, more powerful countries and corporations take advantage of its cheap labor market, lack of labor regulations, and weak state institutions. Foreign companies, particularly in the garment and textile industries, have established assembly plants in Haiti, known as sweatshops, to exploit low-wage labor and produce goods for export. They benefit from Haiti's desperate need for job opportunities, while paying minimal wages and reaping the majority of profits.
In conclusion, Haiti is an example of a core peripheral country as it faces significant economic challenges and dependency on foreign assistance. It is exploited by powerful countries and corporations that take advantage of its cheap labor and weak state institutions, perpetuating the cycle of poverty and underdevelopment.
One example of a core peripheral country is Mexico. Mexico is considered a peripheral country in the global economic system because of its reliance on exporting raw materials and low-value-added goods.
Mexico is exploited by countries in the global core, such as the United States, Canada, and Western European nations. These countries often import cheap raw materials from Mexico, exploit its low-cost labor force, and establish industries that take advantage of Mexico's relatively relaxed labor and environmental regulations.
As a result, Mexico's economy remains heavily dependent on industries like manufacturing and agriculture, where profits often flow out to more economically advanced nations. This dependence on foreign investment and export-oriented industries perpetuates Mexico's peripheral status within the global economic hierarchy.