Rostow's Model on Stages of Growth

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Rostow's Stages of Growth model.

  • The Key to Rostow's theory is that developing countries could "learn" development from the experiences of developed countries.

His model had 5 stages

Stage 1: Traditional society.

  • Most Economic activity takes place on a subsistence basis, and output is not traded.
  • Limited quantities of capital are available ; labour is paramount.
  • Agriculture is the main source of imput.

Stage 2: The pre-conditions for take-off.

  • Extraction industries begin to develop.
  • Agriculture becomes more mechanised.
  • Infrastructure development occurs.
  • Savings and…

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