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Rowstow’s put forward the thesis that a country goes through five stages during its development process. The take off stage is characterized by high...

Rowstow’s put forward the thesis that a country goes through five stages during its development process. The take off stage is characterized by high rate of productive investment. Using Kenya as an example, critically discuss this stage

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This stage is reached when all the resistances and bottlenecks to growth are overcome so that growth becomes a routine or normal condition. It is a stage of high investment rates (about 10% of national income or above), improved efficiency and technical change.
Three conditions are necessary for take — off:
•High rate of productive investment.
•High rate of growth in at least one of the leading sectors.
•The existence or emergence of the right political, social and institutional framework to forge further growth by exploiting private impulses.

Anganifelix answered the question on June 14, 2018 at 12:05

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Rowstow’s put forward the thesis that a country goes through five stages during its development process. The take off stage is characterized by high...

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