Final Notes - Final: 5. Topic 5 Walt W. Rostow (1960) Five...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Final: 5. Topic 5 Walt W. Rostow (1960) Five uniform (undifferentiated) stages to the development process -Stage 1 – The Traditional Society -Stage 2 – The Preconditions for Takeoff -Stage 3 – The Takeoff Itself Requires all 3 of the following conditions i) Rise in the rate of productive investment from, say 5% or less to over 10% of national income ii) The development of one or more substantial manufacturing sectors with a high rate of growth iii) The existence or quick emergence of a political, social and institutional framework that exploits the impulse to expansion in the modern sector -Stage 4 – The Drive to Maturity -Stage 5 – Age of High Mass Consumption -The idea of the takeoff mean that countries were ready for more development -contrast with another professor from Harvard -vs.gershenkran -different levels of economic backwardness Alex Gerschenkron (1962) – instead of a single set of undifferentiated prerequisites, he claimed the historical development of countries began from different levels of economic backwardness
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/11/2008 for the course ECON 371 taught by Professor Vanderford during the Summer '08 term at University of Arizona- Tucson.

Page1 / 2

Final Notes - Final: 5. Topic 5 Walt W. Rostow (1960) Five...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online