What are the 5 stages of modernization?
IN HIS FAMOUS book, The Stages of Economic Growth, Rostow has divided the process of economic development of all societies into five stages: (1) the traditional society, (2) the preconditions for takeoff, (3) the takeoff, (4) the drive to maturity, and (5) the age of high mass consumption.
What is Rostow's stages of development theory?
NATIONAL-LEVEL ANALYSIS-Rostow's five-stage model emphasizes on the development process of countries (Modernization Theory). Countries' economic development will go through five stages: traditional society, preconditions for takeoff, takeoff, drives to maturity, and age of mass consumption.
What are the components of Rostow's modernization model?
There are five stages in Rostow's Stages of Development: traditional society, preconditions to takeoff, takeoff, drive to maturity, and age of high mas consumption.
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