Rostow identifies five shows of economical development. The traditional rescript is characterized by the authorization of agriculture, which is largely at the subsistence level, and the non-realization of potential resources. In the second stage, economic growth begins to speed up. There is an expansion of trade, perhaps an amplification in external influences, and an introduction of modern methods of production, which are apply along the more traditional techniques. The take off stage occurs when old traditions are finally overcome, and modern industrialized society is born. Investment rates rise from five percent of subject area income to ten percent, one or more major manufacturers emerge, semipolitical and social institutions are transformed, and growth grows self-sustaining. The fourth stage sees the sweetie consolidation of the new industrialised society; investment continues to grow, or so industries fade as others expand, large urban regions develop, and transport facilities become more complex. This progression reaches its zenith at stage five, which is characterised by trade production, the growth of quaternary occupations, and an increase in materialism and parcelling of resources to social welfare.
Examples of the different stages of the Rostow model.
Stage 1: Traditional Society
elementary activity, mainly subsistence agriculture
Socially captured surplus lost on spiritual and military expenditures
| |AFGANISTAN |NEPAL | |
|% urban |18% |10% | |
|per capita income |(?) |$160 | |
|baby mortality |163 |102/1000 | |
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