Rostow’s Stages of Economic Growth Model Flashcards

1
Q

Stage 1 (4)

A
  • Traditional Society
  • focus on primary sector - some countries in stage one havent even made it to organized agriculture, fishing and mining yet
  • Limited technology
  • Local trading
  • Countries today: none (some society in sub-saharan africa)
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2
Q

Stage 2 (4)

A
  • “Preconditions for takeoff”
  • still focused on primary sector, with beginnings of secondary sector
  • Technology begins to spread
  • Investments in infrastructure made
  • Countries today: democratic Republic of congo, Ethiopia
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3
Q

Stage 3 (4)

A
  • “Take off”
  • Focus on developing secondary sector
  • Widespread industrialization
  • beginnings of urbanization
  • countries today: bangladesh, egypt, philippines, vietnam
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4
Q

Stage 4 (4)

A
  • “Drive to Maturity”
  • Split between secondary and tertiary sector
  • Middle class forming
  • Large improvement in energy, transportation, and communication
  • Countries today: China, Mexico, India
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5
Q

Stage 5 (4)

A
  • “Age of mass consumption”
  • Emphasis on tertiary sector (or higher)
  • Consumption of nonessential goods
  • “Nicer” goods become common
  • countries today: US, Japan, France, Germany
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