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    Rostow Modernization Theory

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    Jade Harris Colorje
    Rostow proposed a five stage model of economic development in the 1950s and 1960s that was adopted by several countries. The five stages are: 1) The Traditional Society, characterized by subsistence farming and limited production; 2) The Preconditions for Take-Off, where investments are made in infrastructure to increase productivity; 3) The Take-Off, marked by rapid growth in select industries; 4) The Drive to Maturity, where modern technology spreads across many industries; and 5) The Age of Mass Consumption, where economies shift to consumer goods. Rostow believed countries wanted to modernize and progress through these stages of economic growth.

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    Rostow Modernization Theory

    Uploaded by

    Jade Harris Colorje
    127 views10 pages
    Rostow proposed a five stage model of economic development in the 1950s and 1960s that was adopted by several countries. The five stages are: 1) The Traditional Society, characterized by subsistence farming and limited production; 2) The Preconditions for Take-Off, where investments are made in infrastructure to increase productivity; 3) The Take-Off, marked by rapid growth in select industries; 4) The Drive to Maturity, where modern technology spreads across many industries; and 5) The Age of Mass Consumption, where economies shift to consumer goods. Rostow believed countries wanted to modernize and progress through these stages of economic growth.

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    Rostow proposed a five stage model of economic development in the 1950s and 1960s that was adopted by several countries. The five stages are: 1) The Traditional Society, characterized by subsistence farming and limited production; 2) The Preconditions for Take-Off, where investments are made in infrastructure to increase productivity; 3) The Take-Off, marked by rapid growth in select industries; 4) The Drive to Maturity, where modern technology spreads across many industries; and 5) The Age of Mass Consumption, where economies shift to consumer goods. Rostow believed countries wanted to modernize and progress through these stages of economic growth.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    127 views10 pages

    Rostow Modernization Theory

    Uploaded by

    Jade Harris Colorje
    Rostow proposed a five stage model of economic development in the 1950s and 1960s that was adopted by several countries. The five stages are: 1) The Traditional Society, characterized by subsistence farming and limited production; 2) The Preconditions for Take-Off, where investments are made in infrastructure to increase productivity; 3) The Take-Off, marked by rapid growth in select industries; 4) The Drive to Maturity, where modern technology spreads across many industries; and 5) The Age of Mass Consumption, where economies shift to consumer goods. Rostow believed countries wanted to modernize and progress through these stages of economic growth.

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    © All Rights Reserved
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    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


    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=IwAR1
    8oKxfFcdNHiJbOtlMSwjID67qoOfB8e4WQlfN1UGLSWbJ3eb0YDsmOk8

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