What is Rostow theory of development?
Rostow argues that through increased investment, increased exposure to modernized, Western society, and changes in traditional culture and values, societies will become more highly developed.
What are Rostow's 5 stages of development?
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. In the 1960s, American economist called W.W. Rostow developed this theory. It is based off of the models of economic activities.
How many stages of economic growth are defined by Rostow?
1960. The Stages of Economic Growth: A Non-Communist Manifesto. Cambridge. Rostow identified five stages of economic growth.
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