Economic Sectors and Global Power Dynamics

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Core countries

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Industrialized capitalist nations that exert significant economic and political power globally.

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Semi-Periphery

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A country that is industrializing, but not as developed as core countries and still partially dependent on core countries for trade and investment.

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Periphery

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1. regions that are economically and politically dependent on core countries, typically characterized by low levels of development, high poverty, and a focus on resource extraction.

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Primary economic sector

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involves the extraction and harvesting of natural resources directly from the earth, like farming, mining and forestry

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Secondary Economic Sector

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encompasses industries that transform raw materials into finished products or construction, also known as the manufacturing sector

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Fossil Fuels

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naturally occurring, non-renewable energy sources formed from the remains of ancient organisms over millions of years

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Outsourcing

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obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source

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1. Tertiary economic sector

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1. the third of the three main economic sectors. 

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1. Quaternary economic sector

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focuses on information-based and knowledge-oriented activities, encompassing fields like research and development, information technology, and consulting.

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1. Non - renewable resources

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1. natural substances that are consumed faster than they can be replenished.