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Core nations dominate the global economy, peripheral nations rely on core nations, semiperipheral nations are transitional.
Core nations are dominant capitalist countries characterized by high levels of industrialization and urbanization. They own most of the world's capital and technology, controlling world trade and economic agreements. Peripheral nations are on the fringes of the global economy, dependent on core nations for capital and with very little industrialization. Semiperipheral nations share characteristics of both core and periphery countries, being less developed than core nations but more developed than peripheral nations.
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