Rostow is historical where the end-result is known at the onset and is developed from the historical aspects of a developed bureaucratic society
Rostow is mechanical as he does not give the underlying reasons for change and therefore the stages become nothing more than a classification of historical events based on date from developed countries
Rostow takes on the American norm on mass consumption as the standard to the economic development process
Rostow advocates for neoliberal trade policies where manufacturing entities are located in lower wage regions of the world
The takeoff and pre-takeoff stages are very similar and overlapped
The assertion that growth becomes an automatic process by the time it reaches the maturity stage has been refuted by many economists
Dana05 answered the question on July 3, 2019 at 11:32
- Discuss the characteristics of the fifth stage of development according to Rostow’s five stages of economic development (Solved)
Discuss the characteristics of the fifth stage of development according to Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- Discuss the characteristics of the fourth stage of development according to Rostow’s five stages of economic development (Solved)
Discuss the characteristics of the fourth stage of development according to Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- Discuss the characteristics of the third stage of development according to Rostow’s five stages of economic development (Solved)
Discuss the characteristics of the third stage of development according to Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- Discuss the characteristics of the second stage of development according to Rostow’s five stages of economic development (Solved)
Discuss the characteristics of the second stage of development according to Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- Discuss the characteristics of the first stage of development according to Rostow’s five stages of economic development (Solved)
Discuss the characteristics of the first stage of development according to Rostow’s five stages of economic development
Date posted: July 3, 2019. Answers (1)
- What are the promises of a socialist?(Solved)
What are the promises of a socialist?
Date posted: July 3, 2019. Answers (1)
- Describe socialism as a theory of economic growth (Solved)
Describe socialism as a theory of economic growth
Date posted: July 3, 2019. Answers (1)
- Describe capitalism as a theory of economic growth (Solved)
Describe capitalism as a theory of economic growth
Date posted: July 3, 2019. Answers (1)
- Highlight the Marxists criticisms of capitalism (Solved)
Highlight the Marxists criticisms of capitalism
Date posted: July 3, 2019. Answers (1)
- Discuss the Marxism theory of economic development (Solved)
Discuss the Marxism theory of economic development
Date posted: July 3, 2019. Answers (1)
- Discuss the contribution of John Stuart Mill to the classical theory of economic growth (Solved)
Discuss the contribution of John Stuart Mill to the classical theory of economic growth
Date posted: July 3, 2019. Answers (1)
- Discuss the contribution of Thomas Robert Matthews to the classical theory of economic growth (Solved)
Discuss the contribution of Thomas Robert Matthews to the classical theory of economic growth
Date posted: July 3, 2019. Answers (1)
- Discuss the contribution of Jean Baptiste Say to the classical theory of economic growth (Solved)
Discuss the contribution of Jean Baptiste Say to the classical theory of economic growth
Date posted: July 3, 2019. Answers (1)
- Discuss the contribution of David Ricardo to the classical theory of economic growth (Solved)
Discuss the contribution of David Ricardo to the classical theory of economic growth
Date posted: July 3, 2019. Answers (1)
- Discuss the contribution of Adam smith to the classical theory of economic growth (Solved)
Discuss the contribution of Adam smith to the classical theory of economic growth
Date posted: July 3, 2019. Answers (1)
- What is a theory?(Solved)
What is a theory?
Date posted: July 3, 2019. Answers (1)
- Give any seven characteristics of less developed countries (Solved)
Give any seven characteristics of less developed countries
Date posted: July 3, 2019. Answers (1)
- Highlight some of the side effects of economic growth and economic development (Solved)
Highlight some of the side effects of economic growth and economic development
Date posted: July 3, 2019. Answers (1)
- State the changes that a country must experience during economic transformation (Solved)
State the changes that a country must experience during economic transformation
Date posted: July 3, 2019. Answers (1)
- Briefly explain the concept of economic transformation (Solved)
Briefly explain the concept of economic transformation
Date posted: July 3, 2019. Answers (1)