The wealth of nations at the turn of the millennium: A classification system based on the international division of labor

From: Economic Geography | Date: April 1, 2002| Author: | Copyright information

The Wealth of Nations at the Turn of the Millennium: A Classification System Based on the International Division of Labor*

Abstract: Simple dichotomies, such as First World-Third World, developeddeveloping countries, and north-south, are no longer adequate for understanding the complex economic geography of the world. Even the division into core, semiperiphery, and periphery groups diverse economies into an excessively limited number of categories. It is time to develop a new scheme that better classifies the countries of the world into coherent groups. This article constructs a new ...

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