Peripheral countries, also known as developing countries or less developed countries (LDCs), are typically characterized by their lower levels of economic, industrial, and technological development compared to more advanced nations. These nations often have a lower standard of living, limited access to education and healthcare, and higher rates of poverty and unemployment.
Some examples of peripheral countries include many nations in Africa, Asia, and Latin America. These countries often face challenges such as political instability, corruption, inadequate infrastructure, and limited access to global markets.
Peripheral countries often rely heavily on the export of raw materials and agricultural products, which makes their economies vulnerable to fluctuations in global commodity prices. They often rely on foreign aid and loans from international organizations like the World Bank and International Monetary Fund to support their development efforts.
Additionally, peripheral countries typically have less political and economic influence in global affairs compared to more developed countries. They may also experience brain drain, where talented individuals emigrate to more advanced nations in search of better economic opportunities.
Efforts to assist peripheral countries in their development include foreign aid, debt relief, and initiatives that promote sustainable economic growth and poverty reduction.
Peripheral countries
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