Industrializing Country: A nation with a low living standard, undeveloped industrial base, and low Human Development Index HDI relative to other countries. China is nowhere near those levels but it is still outspending all other major countries in military expenditures.
Third world countries were undeveloped countries that were neither major players in the capitalist world market nor communist states under the USSR. In the world-system, core countries are those that benefit significantly from the surplus derived from global commodity chains while peripheral countries see no benefit.
Material resources are not distributed equally to people of all economic statuses.
Mexico is an example, providing abundant cheap agricultural labor to the U. It appears that semiperipheral and peripheral countries are acutely aware of the ongoing changes in the world-system and have determined it best to protect their own interest but with the understanding that regional and multilateral alliances matter.
China does not seek to fundamentally transform the system. However, many other variables are frequently taken into account. It also includes which nations are in a transitional moment between stages of development.
Stratification and Inequality Stratification refers to the range of social classes that result from variations in socioeconomic status.