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)
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
3
Q
Stage 3 (4)
A
- “Take off”
- Focus on developing secondary sector
- Widespread industrialization
- beginnings of urbanization
- countries today: bangladesh, egypt, philippines, vietnam
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
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