What does the term "Core" refer to in Wallerstein's World Systems Theory?

In Wallerstein's World Systems Theory, the term "Core" specifically refers to highly developed countries that hold significant economic power and influence within the global economy. These countries are characterized by advanced technology, strong infrastructure, and diverse economies that allow them to engage in and dominate international trade. The core nations often control the world's financial systems, exploit resources from peripheral countries, and reap the majority of economic benefits. This positioning enables them to maintain their economic dominance and political influence on a global scale.

The notion of the core is vital in understanding the dynamics of global inequality and the relationship between various regions. Countries classified as core typically have high levels of access to education, healthcare, and technological advancements, which further solidifies their positions in the global hierarchy. This contrasts sharply with countries in the periphery, which are often less economically developed and more dependent on the core for services and trade opportunities.