Explain and contrast the following phases/stages of economic development: 1. Traditional society and Preconditions for Take-Off. 2. Take-off and Drive to maturity. 3. Traditional s... Explain and contrast the following phases/stages of economic development: 1. Traditional society and Preconditions for Take-Off. 2. Take-off and Drive to maturity. 3. Traditional society to Age of Mass Consumption.
Understand the Problem
The question is asking for an explanation and comparison of three specific phases of economic development. It requires analyzing the differences and similarities between these stages, which are traditional society and preconditions for take-off, take-off and drive to maturity, and traditional society to age of mass consumption.
Answer
1. Traditional vs. Preconditions: static to preparatory changes. 2. Take-off vs. Maturity: rapid growth to diversification. 3. Traditional vs. Mass Consumption: basic agriculture to consumer economy.
- Traditional society is characterized by limited technology and a static economy, relying mostly on subsistence agriculture. Preconditions for take-off involve developing more productive agriculture and a progressive education system. 2. Take-off is where industries grow rapidly, leading to increasing economic development. Drive to maturity sees diversification in the economy and technological advancements. 3. Traditional society is basic and agrarian, while the Age of Mass Consumption reaches economic stability with high production and consumer-oriented services.
Answer for screen readers
- Traditional society is characterized by limited technology and a static economy, relying mostly on subsistence agriculture. Preconditions for take-off involve developing more productive agriculture and a progressive education system. 2. Take-off is where industries grow rapidly, leading to increasing economic development. Drive to maturity sees diversification in the economy and technological advancements. 3. Traditional society is basic and agrarian, while the Age of Mass Consumption reaches economic stability with high production and consumer-oriented services.
More Information
Rostow's model, developed in 1960, describes a linear progression of development stages that societies pass through as they evolve economically.
Tips
A common mistake is overlooking the gradual nature of transitions between stages, assuming they occur suddenly instead of progressively.
Sources
- Rostow's stages of growth - Wikipedia - en.wikipedia.org
- Rostow's 5 Stages of Economic Growth and Development - ThoughtCo - thoughtco.com
- Rostow's stages of economic growth model - Fiveable - library.fiveable.me
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