semi-peripheral nations: in-between nations, not powerful enough to dictate policy but acting as a major source of raw materials and an expanding middle class marketplace
standard of living: the level of wealth available to acquire material goods and comforts to maintain a particular socioeconomic lifestyle
third world: a term from the Cold War era (1945-1991) that refers to poor, unindustrialized countries that were often not aligned with either capitalist or communist state power during that period
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