few term Flashcards
344t
rostows model
5stages
traditional society
subsistance farming. No currency. Highly indepted poor countries
preconditions to takeoff
Trading increasess supported by transportation -> savings grow
One speed economy
take off
Industrialisation increases “Land to manufacturing”
-growth concerned in few regions
China or India
drive to maturity
Growth is now diverse and supported by technology innovation - icrease in number + tyoe of industry
manufacturing
age of high mass consumption
MEDC, rapid expansion in tertiary industry
stage 1
traditional society
stage 2
pre-conditions to take off
stage 3
take-off
stage 4
drive to maturity
stage 5
age of mass consumpion
Rostow
Rostow explained that these are the steps that should be taken by a nation to become fully developed.