What are the five stages of economic development according to Rostow?

What are the five stages of economic development according to Rostow? Using these ideas, 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 … Continue reading What are the five stages of economic development according to Rostow?