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Discuss the characteristics of the fifth stage of development according to Rostow’s five stages of economic development

Discuss the characteristics of the fifth stage of development according to Rostow’s five stages of economic development

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Dana
A period of comfort where consumers concentrate on durable goods and hardly remember the subsistence concerns
The society has three goals to choose here that is concentrate on military and security issues or equality and welfare issues or developing great luxuries for its upper class
Desire to develop an egalitarian society and measures are taken towards that direction
A country tries to determine its uniqueness from factors such as political, geographical, cultural and value system

Dana05 answered the question on July 3, 2019 at 11:30

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