economy
 






 

Question by  lei (490)

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

How important is it viewed by authorities?

 
+7

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.

 
+6

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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