Walter Rostow Hannah Casey

Background Oct 7, Feb 13, 2003 Went to Yale, then Balliol College, Oxford Worked for:  Columbia University, Oxford, MIT, Cambridge, University of Texas  Office of Strategic services- part of the Marshall Plan  John F. Kennedy, Lyndon B. Johnson, Richard Nixon

The Stages of Economic Growth 1)Traditional society 2)Preconditions to take-off 3)Take-off 4)Drive to maturity 5)Age of high mass consumption.

The Stages of Economic Growth /

Step 1- Traditional Society characterized by an existing, agricultural based economy intensive labor low levels of trading population that does not have a scientific perspective on the world and technology

Step 2- Preconditions to Take-off society begins to develop manufacturing Has a worldlier, as opposed to regional, outlook.

Step 3- Take Off short period of intensive growth industrialization begins to occur workers and institutions become concentrated around a new industry

Step 4- Drive to Maturity Takes place over a long period of time Standards of living ↑,use of technology ↑, and the national economy grows and diversifies.

Step 5- Age of High Mass Consumption A country's economy flourishes in a capitalist system, characterized by mass production and consumerism.

Real Life Example- Singapore Population over five million Industrialized early, developing profitable manufacturing and high-tech industries now highly urbanized- 100% of the population considered "urban." One of the most sought-after trade partners in the international market, with a higher per-capita income than many European countries.

Bibliography "American National Biography Online: Rostow, W. W." American National Biography Online: Rostow, W. W. N.p., n.d. Web. 23 Sept ": Rostow Model of Development with Examples vs. Self- Sufficiency." : Rostow Model of Development with Examples vs. Self- Sufficiency. N.p., n.d. Web. 22 Sept "Rostow’s Stages of Growth Development Model." About.com Geography. N.p., n.d. Web. 22 Sept Rubenstein, James M. "Development." The Cultural Landscape; an Introduction to Human Geography. 10th ed. Upper Saddle River: Pearson Education, Print.