This presentation is so awesome it will blow your minds away in a speed of light.

1. Rostows Stages of Development
By: Ethan Que

2. What is it?
• Also known as Rostows Stages of Growth
• Economic Growth

3. 5 Stages of Economic Growth
1. Traditional society
2. Preconditions for take-off
3. Take-off
4. Drive to Maturity
5. Age of High Mass Consumption

4. Traditional Society
• Base by Pre Newtonian Society
• Little Economic Change to Society
• Usually goods are exchanged for others
• Agriculture because it used limited quantities
of the capital.

5. Preconditions for Take-off
• Also known as the Transitional Stage
• Bring changes in social attitudes, expectations,
structure and values of society.
• Economic Progress is possible

6. The Take-Off
• Mainly technological
• Switch from Agricultural Sector to the
Manufacturing Sector.
• 3 necessary conditions needed for takeoff
• Rate of productive investment about 10%.
• The development of substantial
manufacturing sectors.

7. Drive to Maturity
• Economy is diverse into new areas
• Technology Innovation provides investment
opportunities.

8. Age of High Mass Consumption
• Service sector becomes increase singly
dominant
• Society’s being able to choose military issues
or on developing great luxury for the upper
class.

9. Strengths
• Shows the economic development in
countries
• Shows what stages the countries are in.

10. Weaknesses
• Many economists think the model works only
for Western Countries.
• Only shows the economic growth of a country.
• Does not issue other developments in a wider
context only economic.

11. Thank You