Development of productive commercial agriculture and surplus of cash crops

Development of productive commercial agriculture and

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Development of productive, commercial agriculture and surplus of cash crops largely exported Widespread and enhanced investment in infrastructure to expand production Increasing use of technology and advances Changing social structure. Individual social mobility begins Development of national identity and shared economic interests development to take o ff in their turn into self- sustaining Econ growth S3 Take o ff Urbanization increases (means increased job opportunities in the cities) Technological break through occurs Industrialization proceeds Manufacturing sector expands and ratio of secondary vs. primary sectors in the economy shifts quickly towards secondary Textiles and apparel are usually the first “take-o ff ” industry (since skill/technological requirements is less) S4 Drive to Maturity Diversification of the industrial base Manufacturing shifts towards domestic consumption and consumption of durable goods (most are productive) Transportation infrastructure development Large-Schlage investment in social infrastructure: school, universities, hospitals etc. Backward V forward links: automobile industry Backward links: steel, rubber, technology Forward links: service, distribution S5 Age of High Mass Consumption The industrial base dominates the economy Share of primary sector is greatly diminished Widespread consumption of high-value consumer goods
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  • Fall '17
  • Ana De Andrade
  • Capital accumulation, Linear Growth Models

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