Beyond Core and Periphery. The Role of the Semi-Periphery in Global Capitalism

Abstract

Capitalist globalization has shown the need to define the semi-periphery as a new category that transcends the traditional core-periphery division. This paper aims to characterize this new category and understand the role it has in the reorganization of the production process, in addition to the effects this specific participation has on the global economy. Building on previous theoretical developments, this paper aims to analyse and identify these specific features, examining them through a set of economic, social, and technological variables by applying principal component and cluster analyses. As a result, the empirical analysis identifies a group of countries that have not been able to turn their current or recent economic dynamism into higher levels of socioeconomic development.