Rostow's Stages of Economic Growth: Correct Sequence

Walt Rostow's model outlines five stages of economic development that countries typically pass through. Identifying the correct sequence is crucial for understanding modernization theory.

Understanding Rostow's Growth Stages

The stages represent a historical progression. The correct order, as identified in the options, follows a linear path from less developed to more developed economies.

1. Traditional society: Characterized by subsistence agriculture, limited technology, and rigid social structures.
2. Pre-conditions for take-off: Development of infrastructure, education, and emergence of a commercial class. Increased investment occurs.
3. Take-off: Rapid industrialization begins, leading to sustained economic growth. Sector-specific growth accelerates.
4. Drive to maturity: Diversification of the economy, technological advancement spreads across industries, and living standards rise.
5. Age of mass consumption: High mass-consumption levels are reached, focusing on welfare and durable consumer goods.

Therefore, the correct sequence is: Traditional society, pre-conditions for take-off, take-off, drive to maturity, age of mass consumption.