The core-periphery model is an economic theory that explains the location of wealthy nations. According to this theory, where are the richest countries in the world? The answer may surprise you! Hint: The richest countries in the world are located within the center of an economic system. Here’s a hint for where you should be looking to find wealthy nations such as France, Canada, and Australia: they exist at the center of an economic system.
In other words, these countries have more wealth because they’re centrally positioned with access to resources like natural gas from Russia or oil from Saudi Arabia. The rich country that has been doing well is China! This Asian nation has seen its economy grow by leaps and bounds over recent years thanks to strong trade ties with other developing economies in Asia and Latin America. It hits all three marks on our list – it’s got plenty of arable land, high levels.
