Rostows Model

Question 1

1st Stage

Answer 1

Traditional Society

Subsistence- almost wholly primary
limited tech
1950-early60s South Korea
Very low capita per head
Very large labour force- primary

Question 2

2nd Stage

Answer 2

Pre-conditions to ‘take-off’ external demand for raw materials initiates economic change

cash crops exported
development of national identity and shared economic interests
increases spread of tech and advancements

Like Koreas inward to outward looking strategy 1960s.

Question 3

3rd stage

Answer 3

Take off

Urbanisation increases, industrialisation proceeds, tech break throughs

Secondary sector expands

1970s Korea with promotion of HCI after changing global environment

Question 4

4th Stage

Answer 4

Drive to maturity

Diversification of industrial base, multiple industries expand
Rapid development of transportation infrastructure
Large-scale investment in social infrastructure

Question 5

5th Stage

Answer 5

Age of mass consumption

industrial base dominates economy
widespread consumption of high-value goods due to rising disposable income.
Rising incomes above productivity

Koreas 1980s due to Market Liberalisation and political democratism.