Final answer:
Core nations, which are highly industrialized and economically dominant, control the global economy and exploit other regions; examples include the US and Western European countries, particularly during the early 20th century.
Step-by-step explanation:
The powerful industrial societies that dominate other regions economically are often referred to as core nations. These are highly industrialized, technologically advanced, and urbanized nations that exert control over the global economy, often exploiting semi-peripheral and peripheral nations. An example of such power dynamics can be seen in the United States, where it influences global trade agreements like the North American Free Trade Agreement (NAFTA) to its advantage. In the early 20th century, despite rapid economic changes and resistance from other states, countries in Europe along with North America, the USSR, and Japan held a combined total of about 75 percent of the globe's Gross Domestic Product (GDP), thus dominating the financial system worldwide. The interrelated nature of economies through trade and imperialism meant that Western European nations and the US became wealthy by exercising dominance over other societies, extracting raw materials, and controlling colonies for their own economic gain.