ROSTOW'S STAGES OF GROWTH |DEVELOPMENT ECONOMICS | LEARN OIKONOMIA

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THIS THEORY DISCUSSES ROSTOW'S STAGES OF GROWTH
Rostow penned his classic Stages of Economic Growth in 1960, which presented five steps through which all countries must pass to become developed: 1) traditional society, 2) preconditions to take-off, 3) take-off, 4) drive to maturity and 5) age of high mass consumption.

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