Development Theories and Models Flashcards
1
Q
5 Stages of Rostow’s Theory
A
- Traditional Society
- Pre-Take off
- Takeoff
Drive to Maturity
High Mass Consumption
2
Q
Traditional Society
A
Most people are subsistence farmers, and work in agriculture
3
Q
Pre-Takeoff
A
- Shift from agriculture to manufacturing
- Trade increases profits
- Agriculture produces cash crop
4
Q
Takeoff
A
- Growth is rapid
- Technology and investment create new manufacturing industries
- Requires overseas trade
5
Q
Drive to Maturity
A
- Growth period
- Technology used throughout the economy
- Industries produce consumer goods
