File: Society Pdf 127341 | Lecture 4 A Unit 2 Lesson 6 Rostow
grade 12 canada and world issues unit 2 modernization theory rostow s stages of economic growth w w rostow 1960 the stages of economic growth a non communist manifesto cambridge ...
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...Grade canada and world issues unit modernization theory rostow s stages of economic growth w the a non communist manifesto cambridge identified five stage traditional society economy is dominated by subsistence activity output consumed producers it not traded trade barter where goods are exchanged directly for other agriculture most important industry production labour intensive using only limited quantities capital technology resource allocation determined very much methods transitional preconditions takeoff increased specialization generates surpluses trading there an emergence transport infrastructure to support entrepreneurs emerge as incomes savings investment grow external also occurs concentrating on primary products strong central government encourages private enterprise take off industrialization increases with workers switching from agricultural sector manufacturing concentrated in few regions country within one or two industries level reaches over gnp people save money trans...