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    Rostow Modernization Theory Final 1

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    Jade Harris Colorje
    Rostow's modernization theory proposes five stages of economic growth for countries: 1) Traditional society, focused on subsistence farming; 2) Preconditions for take-off, investing in infrastructure to increase productivity; 3) Take-off, rapid growth in key industries; 4) Drive to maturity, widespread application of technology across industries; 5) Age of mass consumption, shift to consumer goods. However, critics argue the model is too mechanical and assumes countries will inevitably adopt neoliberal trade policies.

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    Rostow Modernization Theory Final 1

    Uploaded by

    Jade Harris Colorje
    328 views11 pages
    Rostow's modernization theory proposes five stages of economic growth for countries: 1) Traditional society, focused on subsistence farming; 2) Preconditions for take-off, investing in infrastructure to increase productivity; 3) Take-off, rapid growth in key industries; 4) Drive to maturity, widespread application of technology across industries; 5) Age of mass consumption, shift to consumer goods. However, critics argue the model is too mechanical and assumes countries will inevitably adopt neoliberal trade policies.

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    Rostow Modernization Theory final 1

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    Rostow's modernization theory proposes five stages of economic growth for countries: 1) Traditional society, focused on subsistence farming; 2) Preconditions for take-off, investing in infrastructure to increase productivity; 3) Take-off, rapid growth in key industries; 4) Drive to maturity, widespread application of technology across industries; 5) Age of mass consumption, shift to consumer goods. However, critics argue the model is too mechanical and assumes countries will inevitably adopt neoliberal trade policies.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    328 views11 pages

    Rostow Modernization Theory Final 1

    Uploaded by

    Jade Harris Colorje
    Rostow's modernization theory proposes five stages of economic growth for countries: 1) Traditional society, focused on subsistence farming; 2) Preconditions for take-off, investing in infrastructure to increase productivity; 3) Take-off, rapid growth in key industries; 4) Drive to maturity, widespread application of technology across industries; 5) Age of mass consumption, shift to consumer goods. However, critics argue the model is too mechanical and assumes countries will inevitably adopt neoliberal trade policies.

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    Rostow proposed a five stage model of development in the 1950s that was adopted by several countries in the 1960s. The five stages are: traditional society, preconditions for takeoff, takeoff, drive to maturity, and age of mass consumption.

    The five stages are: traditional society, preconditions for takeoff, takeoff, drive to maturity, and age of mass consumption.

    The traditional society has a high percentage of people in agriculture and wealth in nonproductive activities. The preconditions stage builds conditions for growth. The takeoff stage has rapid growth in few industries. The drive to maturity has technology diffusion and skilled workers. The age of mass consumption shifts to consumer goods.

    Rostow’s

    Modernization
    Theory
    By: Jade Harris C. Colorje
    Edgel Micah A. Cabaya
    Objectives:
    At the end of the lesson the student will able to:

    • Discuss the Rostow’s modernization theory and


    determine the five stages of development.
    Walt WhitMan Rostow
    Rostow believes that countries want to modernize
    as he describes modernization, and that society
    will assent to the materialistic norms of economic
    growth.

    Rostow proposed a five stage model of


    development in the 1950s. Then in the 1960s
    several countries adopted this approach of the
    five stages of development.
    The Five Stages Are The Following:
    The Traditional Society
    This stage is for the country that hasn’t started a
    process of development. They contain a very high
    percentage of people in agriculture and a high
    percentage of national wealth , in which Rostow calls
    “nonproductive” activities, such as the military or
    religion. An economy on this stage has limited
    production function. States and individuals utilize
    irrigation systems in many instances, but most
    farming is still purely for subsistence.
    The Preconditions for take off
    “
    The economy undergoes a process of change for building up
    of conditions for growth and take-off. Under the influence of
    these well-educated leaders, the country starts to invest in
    new technology and infrastructure, such as water supplies
    and transportation systems.
    This will increase productivity.
    The Takeoff
    • This stage is where a country makes dynamic economic growth.
    Rapid growth is generated in a limited number of economic
    activities, such as textiles or food products. The countries achieve
    technical advances and become more productive with few take-
    off industries. The main goal in this stage is rapid, self-sustained
    growth.

    • Growth becomes the norm and improvements in production lead


    to the emergence of leading sectors.
    The Drive to Maturity
    • Modern technology diffuses to a wide variety of
    industries, and this cause the country to experience rapid
    growth. The workers in the country become more skilled
    and specialized. Rostow defines this stage as the period
    when a society has effectively applied the range of
    modern technology to the bulk of its resources.

    • Economy demonstrates technological and


    entrepreneurial skills to produce anything it chooses to.
    The Age of Mass Consumption
    • In this stage the economy shifts from production of
    heavy industry, such as steel and energy, to consumer
    goods, such as motor vehicles and refrigerator. The
    country tries to determine its uniqueness and factors
    affecting it are its political, geographical and cultural
    structure, and also values present in its society.

    • Leading sectors shift toward durable goods


    Criticism of Model
    • Rostow is historical in the sense that the end result is known at
    the outset and is derived from the historical geography of a
    developed, bureaucratic society.

    • Rostow is mechanical in the sense that the underlying motor of


    change is not disclosed and therefore the stages become little
    more than a classificatory system based on data from developed
    countries.

    • His model assumes the inevitable adoption of Neoliberal trade


    policies which allow the manufacturing based of a given
    advanced policy to be relocated to lower-wage regions.
    Reference:
    Rincon, L.(N.d.). Retrieved March 16, 2021, from Rostow’s Modernization Model
    https://slideplayer.com/slide/8313155/?fbclid=IwAR00QFcr8c1Oio3K9SUMBb9eS
    U-_xwX__o6DOocBMXB9mqmFh_8wplS0MRE

    Slideshare.(2014, August 14). Retrieved March 16,2021. from Rostow modernization


    model https://www.slideshare.net/AasthaPallav/rostow-modernization-
    model?fbclid=IwAR18oKxfFcdNHiJbOtlMSwjID67qoOfB8e4WQlfN1UGLSWbJ3eb0Y
    DsmOk8

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