The form of this generalization is a set of stages of. Gunar mydral has argued that there cannot an inevitable sequence of events described as successive stages of growth. A prerequisite for the preconditions for takeoff is industrial revolution, which lasted for a century. Rostow s stages of growth theory have come in for severe criticism. Rostows stages of economic growth akins ap human geography. The main characteristic of this economic growth is self.
Rostow t his article summarizes a way of generalizing the sweep of modern economic history. Rostow s stages of economic growth 1960, 1971 is a. Pdf rostows stages of economic growth mosiako moleta. Thus the model was recognized as political theory as well as descriptive economic analysis of growth and. According to him, economic growth is the result of certain economic policies adopted and not the other way around. Below is an outline of rostow s six stages of growth. This stage is characterized by dynamic economic growth. At the end of the second world war 193945 there was a renewal of interest in the subject of development economics and the stages of growth once again preoccupied many scholars. In addition to the five stages he had proposed in the stages of economic growth in 1960, rostow discussed the sixth stage beyond high massconsumption and called it the search for quality in 1971. Develoment theory rostow 7 the primary sector become redundant. In this article we will discuss about the rostow s theory of growth. This paper extends rostow s stages of economic growth model from the perspective of entrepreneurial opportunity.
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