Question by  lei (490)

What is Rostow's take-off model of economic growth?

How important is it viewed by authorities?


Answer by  ZakT (31)

The Rostvian Take-Off model was created by Walt Whitman. It is a growth five-step growth strategy often associated with the 1960s development fad, of industrialization and promoting growth. Industrialization is a process that has been abandoned in favour of the Washington Consensus of the 1980s. The focus today is also on aid and many economists feel industrialization should be reinstated.


Answer by  Jakecutter (1819)

Rostow's growth model takes place in five stages that he claims are the stages a country will go through. It is argued he puts economic growth in a linear time-line.

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