abstract:In World Systems Theory, the periphery countries (sometimes referred to as just the periphery) are those that are less developed than the semi-periphery and core countries. These countries usually receive a disproportionately small share of global wealth.
Anotherideais to increasethecapacityforprovidingliquidity to countrieson the peripherythat seem solvent, yet risk being caught inthefallout from a Greekdefault.