Peripheral Poverty

Peripheral poverty is defined in socioeconomic terms as spatial or regional inequality of peripheral nations or developing countries within the modern world system, as well as spatial or regional inequality within a single nation, and is located on the edge of economic centers, power, resources, and wealth. Peripheral poverty occurs in weak and small-scale local economies, primarily agrarian societies with limited or no industry dependent on a mix of subsistence and cash activities to make a living. These local, distant economies are characterized by a structural dependency on the centers, which, as core economies, set the terms and conditions of development, expansion, and support. As a result of such dependence, trade relations are based on an unequal exchange, which implies a transfer of the surplus ...