Question

In: Economics

Arguments against Rostow Stages of development model

Arguments against Rostow Stages of development model

Solutions

Expert Solution

Rostow's model postulates that economic growth occurs in five basic stages of varying lenth and they are traditional society,preconditions for take off ,take -off ,drive to maturity and the age of high consumption.

Criticisms or arguments against the model

1.The model is historical ie end result is known at the outset and is derived from the history of a bureaucratic society.

2.Rostow's model is mechanical ie because underlying motor of change is not disclosed.

3.Rostow's model is based on American and European history and defines the American norms of consumption.

4.Rostow's model does not apply to the Asian and African countries because it is based on American and European history.

5.Another criticism is that his model assumes the inevitable adoption of Neoliberal trade policies.

6.The stages are not identifiable properly in Rostow's model as the conditions of the take-off and pre-take off are very similar and also they overlap.

7.Rostow is trying to fit economic progress into a linear system ie because of empirical evidence of many countries making false starts then reaching a degree of progress and change and then slipping bac


Related Solutions

Summary of Rostow's stages of development model and arguments against and arguments for.
Summary of Rostow's stages of development model and arguments against and arguments for.
Briefly discuss each of the following Structuralist Theories of economic development. The Rostow Stages of Growth...
Briefly discuss each of the following Structuralist Theories of economic development. The Rostow Stages of Growth Theory (List the stages and the development characteristics of each stage in your discussion.) The Balanced and Unbalanced Growth Theory The Dependency Theory of Economic Development The Lewis Dual-Sector Model of Economic Development b. How do the above theories differ from the Classical and Keynesian theories?
What is meant by "a technocratic approach to development?" What are the arguments for and against...
What is meant by "a technocratic approach to development?" What are the arguments for and against this approach? What is meant by "an adaptive approach to development?"  
Describe Tuckman's Team Development Model, including the five stages. Apply the stages in Tuckman's Team Development...
Describe Tuckman's Team Development Model, including the five stages. Apply the stages in Tuckman's Team Development Model to working with a group. Justify whether a team can form with or without utilizing Tuckman’s Team Development Model.
How does Rostow model relate to the Jamaican economy
How does Rostow model relate to the Jamaican economy
Explain thoeries of economic development especially Rostow, Nurkse and Baran
Explain thoeries of economic development especially Rostow, Nurkse and Baran
Describe the arguments for and the arguments against the corporate income tax.
Describe the arguments for and the arguments against the corporate income tax.
Discuss the arguments for and against privatization
Discuss the arguments for and against privatization
What are the arguments for/against globalization?
What are the arguments for/against globalization?
Use the Lewis two sector model. Assume a country is in early stages of development and...
Use the Lewis two sector model. Assume a country is in early stages of development and the you want to help develop the country using the Lewis two sector model. What would you predict about the production function before and after development of the country?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT