The document discusses the theory of core and periphery as it relates to economic geography. The core-periphery model proposes that as one region grows economically, it becomes the core, while surrounding areas become the periphery. At the global scale, developed nations form the economic core and developing nations the periphery. Core nations control global markets and benefit more, while periphery nations depend on the core and receive a disproportionately small share of global wealth. The relationship between core and periphery can have both positive "spread effects" and negative "backwash effects" on the periphery.