The Stage of Growth Model (Rostow):(1 Point)Describes the less developed world during the colonialism periodDescribes development through a deterministic sequence of stepsDescribes convergence and divergence for less developed countriesDescribes the Marshall plan

According to Rostow's stages of development, which of the following is true?Group of answer choicesDeindustrialization is accounted for in the fifth and final stage.Foreign investment is a necessary precondition for economic development in the second stage.The colonial legacy will support a ountry's economic growth.All countries will eventually pass through each of the five stages of economic development.Countries might not pass through each of the stages in a linear manner.

Rostow's 5-stage model of economic developmentGroup of answer choicesStages of growth modelMalthusianismCore-peripheryEnvironmental determinism

Explain Modernisation theory and mainstream growth oriented development a) Trace the trajectory of the transformation b) Rostow's stages of economic growth c) Relation between growth and development d) Critique of growth oriented development

Convergence theory suggests that when less developed countries begin to develop, they typically have higher growth rates as they catch up with more developed nations.Group of answer choicesTrueFalse

For Rostow’s Stages of Growth, what might be a trait of the drive to maturity?Group of answer choicesSubsistence farming, barteringDevelopment of currency & infrastructure, selling of goodsRapid growth in a limited number of economic activities, beginning of individualism, modernization in core/key areas of the countrySpreading of modern technology to more industries within the country, workers become more skilled & specialized, industrialization takes placeThings that were formerly luxury items become viewed as necessities, higher incomes, large portion of workforce in the service sector of the economy