The essay reviews developments of the Core-Periphery paradigm. Two variants of the paradigm are isolated: the neoclassical model and neo-Marxian model. Both variants define core-periphery relations by three features: characteristics distinguishing core from periphery, the goods exchanged, and the pattern of core-periphery relations. The models differ in their analyses and assumptions derived from neoclassical and neo-Marxian economic theories. An examination of these assumptions reveals some strengths and weaknesses of each. Recent contributions to both variants seek to overcome previous criticisms, but largely fail.
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