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State and discuss the limitations of Rostow’s five stages of economic development

State and discuss the limitations of Rostow’s five stages of economic development

Answers

Dana
Rostow is historical where the end-result is known at the onset and is developed from the historical aspects of a developed bureaucratic society
Rostow is mechanical as he does not give the underlying reasons for change and therefore the stages become nothing more than a classification of historical events based on date from developed countries
Rostow takes on the American norm on mass consumption as the standard to the economic development process
Rostow advocates for neoliberal trade policies where manufacturing entities are located in lower wage regions of the world
The takeoff and pre-takeoff stages are very similar and overlapped
The assertion that growth becomes an automatic process by the time it reaches the maturity stage has been refuted by many economists
Dana05 answered the question on July 3, 2019 at 11:32

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