Question
According to Walt W. Rostow, all nations pass through __________ stages of economic development and __________ stage marks the interval when the old blocks and resistances to steady growth are finally overcome.
The correct answer is
five, the take-off
Rostow's Economic Development Stages
Walt W. Rostow's theory outlines five distinct stages of economic development that nations progress through.
The Take-Off Stage
According to Rostow's model, the stage that specifically marks the interval when old resistance to steady economic growth is finally overcome is the take-off stage. This is the third of the five stages.
The five stages are:
- Traditional Society
- Preconditions for Take-off
- Take-off
- Drive to Maturity
- Age of High Mass Consumption
During the take-off stage, key sectors experience rapid growth, investment increases significantly, and the economy overcomes structural limitations, leading to sustained development.
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Important Questions from Development: Liberal–Marxist–Dependency
- Which of the following statement(s) is/are CORRECT?
- Which of the following statement(s) about the modernisation theory is/are INCORRECT?
- In his critique of modernization theory, Raúl Prebisch posits which of the following option(s) as central to his liberal theory of dependency?
- ___________ theory most appropriately describes a hierarchy of wealthy 'core' nations, poor 'periphery' nations, and a middle group of ‘semi- periphery' nations.
- ___________ theory postulates that developing economies would eventually catch up with the developed economies if they follow the social and economic models of Western capitalism.
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