Rostow's stages of growth

Rostow's Stages of Economic Growth model is one of the major historical models of economic growth. It was published by American economist Walt Whitman Rostow in 1960. The model postulates that economic growth occurs in five basic stages, of varying length: 1. * Traditional society 2. * Preconditions for take-off 3. * Take-off 4. * Drive to maturity 5. * Age of high mass consumption

Rostow's stages of growth

Rostow's Stages of Economic Growth model is one of the major historical models of economic growth. It was published by American economist Walt Whitman Rostow in 1960. The model postulates that economic growth occurs in five basic stages, of varying length: 1. * Traditional society 2. * Preconditions for take-off 3. * Take-off 4. * Drive to maturity 5. * Age of high mass consumption