Author Question: Describe the stages of the Rostow Modernization model of economic ... (Read 87 times)

bobbie · **on:** Jun 29, 2018

Describe the stages of the Rostow Modernization model of economic development.

Question 2

Negotiators from ___________________ _ context cultures are less programmatic and less rigid, especially in time management, contract signing, and closing deals.
Fill in the blank(s) with correct word

jomama · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

The stages of the Rostow model are traditional society, transitional society, take-off, the drive to maturity, and high mass consumption. In traditional society, the economic structure is dominated by agriculture. In transitional society, productivity in agriculture increases and modern manufacturing begins to emerge. In take-off, growth becomes the norm and improvements in production lead to the emergence of leading sectors. Modern technology is fully adopted in the drive to maturity phase and new leading sectors emerge. Finally, in high mass consumption, leading sectors shift toward durable goods. There is also an increased allocation to social welfare programs.

Answer to Question 2

High