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Rostow’s Stages of Economic Growth | Economics

Prof. W.W. Rostow, an eminent economic historian, has described the historical process of transition from underdevelopment to development in terms of a series of five stages of growth through which all countries must pass to reach the ultimate destination of a developed country'. These five stages of growth are: 1. The traditional society, 2. Preconditions for take-off, 3. The take-off [...]

By |2018-03-02T14:40:22+05:30March 2, 2018|Stages|Comments Off on Rostow’s Stages of Economic Growth | Economics

Rostow’s Stages of Economic Growth | Economics

Prof. W.W. Rostow, an eminent economic historian, has described the historical process of transition from underdevelopment to development in terms of a series of five stages of growth through which all countries must pass to reach the ultimate destination of a developed country'. These five stages of growth are: 1. The traditional society, 2. Preconditions for take-off, 3. The take-off [...]

By |2018-03-02T14:40:22+05:30March 2, 2018|Stages|Comments Off on Rostow’s Stages of Economic Growth | Economics
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