Why is it nearly impossible for local businesses in periphery countries to compete with corporations from core countries?
A) Core countries actively destabilize governments in periphery countries so they can control markets.
B) Periphery countries are forced to allow core countries to sell their goods cheaper than local prices.
C) Core countries use expensive research to determine what people in periphery countries want.
D) Periphery countries sell resources cheap, but must buy expensive equipment from core countries.

Question

Quizplus · Accepted Answer

Periphery countries often sell their natural resources at low prices due to global market pressures and lack of bargaining power. However, they need to import high-tech equipment and machinery from core countries, which is sold at much higher prices. This dynamic makes it difficult for local businesses in periphery countries to compete, as they face higher costs for essential equipment and technology needed for production and services.

Why Is It Nearly Impossible for Local Businesses in Periphery