Rostow's stages of development

Rostow’s
Stages of
Development
What is it?
✱ A model of economic growth suggesting that all
countries pass through a series of stages of
development as their economies grow.
A series of 5 stages
STAGE 1: Traditional Society
✱ Dominated by subsistence agriculture
✱ agricultural based economy
✱ Intensive labor and low levels of trading
✱ Having a population that has no scientific
perspective on the world and technology
STAGE 2: Preconditions to take- off
✱ Society begins to develop
manufacturing
✱ country advances to a
more complex economy,
beginning of economy
development
✱ levels of technology
develop
✱ development of a transport
system- TRADE.
✱ Rostow believed: could
only be reached by a great
achievement of a surplus of
wealth
STAGE 3: TAKE- OFF
✱ Short period of extensive growth.
✱ Industrialization begins. Manufacturing more
important part of economy
✱ Introductions to technical innovations– economic rise
✱ Agriculture progressed to commercial rather than
subsistence
STAGE 4: The drive to Maturity
✱ Takes place over a long period of time – standards of living
rise
✱ Use of technology increases
✱ National economy grows and diversifies
✱ Increased percentage of Nation’s wealth- invested into
developing its economy
STAGE 5: High Mass Consumption
✱ Individual incomes are greater
than necessary for buying
essentials
✱ growing demand for additional
consumer goods and services
✱ Improved health care systems and
education
✱ Economy flourishes
DISADVANTAGES- Criticism
✱ Has a strong bias towards a western model of
modernization
✱ Assumes that all countries follow the same route of
development
✱ Doesn’t look at variations within a country
✱ Assumes that each country is economically and
politically free
ADVANTAGES
✱ Highly respected and referred to model
✱ Primary example of the “intersection of Geography,
economics and politics”
✱ Most widely cited development theories
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Rostow's stages of development

  • 2. What is it? ✱ A model of economic growth suggesting that all countries pass through a series of stages of development as their economies grow.
  • 3. A series of 5 stages
  • 4. STAGE 1: Traditional Society ✱ Dominated by subsistence agriculture ✱ agricultural based economy ✱ Intensive labor and low levels of trading ✱ Having a population that has no scientific perspective on the world and technology
  • 5. STAGE 2: Preconditions to take- off ✱ Society begins to develop manufacturing ✱ country advances to a more complex economy, beginning of economy development ✱ levels of technology develop ✱ development of a transport system- TRADE. ✱ Rostow believed: could only be reached by a great achievement of a surplus of wealth
  • 6. STAGE 3: TAKE- OFF ✱ Short period of extensive growth. ✱ Industrialization begins. Manufacturing more important part of economy ✱ Introductions to technical innovations– economic rise ✱ Agriculture progressed to commercial rather than subsistence
  • 7. STAGE 4: The drive to Maturity ✱ Takes place over a long period of time – standards of living rise ✱ Use of technology increases ✱ National economy grows and diversifies ✱ Increased percentage of Nation’s wealth- invested into developing its economy
  • 8. STAGE 5: High Mass Consumption ✱ Individual incomes are greater than necessary for buying essentials ✱ growing demand for additional consumer goods and services ✱ Improved health care systems and education ✱ Economy flourishes
  • 9. DISADVANTAGES- Criticism ✱ Has a strong bias towards a western model of modernization ✱ Assumes that all countries follow the same route of development ✱ Doesn’t look at variations within a country ✱ Assumes that each country is economically and politically free
  • 10. ADVANTAGES ✱ Highly respected and referred to model ✱ Primary example of the “intersection of Geography, economics and politics” ✱ Most widely cited development theories