Why A College Degree Is So Significant To Your Future

Main points of Rostow’s stages of growth model:

-Rostow’s stages of growth model is of the Neo-Classical tradition.

Rostow believed that economies develop by going through a number of stages.

Drive to Maturity Stage -The economy diversifies from the industries that originally drove growth.

High Mass Consumption Stage -The stage that countries reach once they have developed.

Limitations of Rostow’s Stages of Growth Model:

Splitting the process of development into stages may be simplifying what actually occurs. -The model assumes that capitalist development is the only way to achieve economic development his model represents a “non-communist manifesto”.

How to use Rostow’s Stages of Growth Model in Essays and exams:

The model is a good way of setting out a basic model which is easily criticised using more up to date models or models from a different political viewpoint.

Rostow’s Stages of Growth Model (For College Students)

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