Presentation topic :

Presenters : Fareeda khan Sajida parveen Mehwish shehzad Rubina

PRESENTATION FLOW  INTRODUCTION  LINEAR STAGES OF GROWTH MODEL DIAGRAMMATICALLY  FIVE STAGES OF GROWTH FOR DEVELOPMENT  CONCLUSION  QUESTIONS ?

INTRODUCTION How do countries develop? If we can understand how development occurs, strategies can be adopted to help countries to develop Number of approaches

ROSTOW FIRST STAGE OF GROWTH 1. Traditional Society  Characterised by  subsistence economy – output not traded or recorded  existence of barter  high levels of agriculture and labour intensive agriculture

ROSTOW 2 nd STAGE OF GROWTH Pre-conditions:  Development of mining industries  Agricultural sector is more commercialised, Increase in capital use in agriculture  Some growth in savings and investment

Rostow 3 rd STAGE OF GROWTH 3. Take off:  Increasing industrialisation  Further growth in savings and investment  Some regional growth  Number employed in agriculture declines

ROSTOW 4 th STAGE OF GROWTH 4. Drive to Maturity:  Growth becomes self-sustaining –  Urbanisation increases  Industry more diversified  Increase in levels of technology utilised

ROSTOW 5 th STAGE OF GROWTH 5. High mass consumption  High output levels  Mass consumption of consumer durables  High proportion of employment in service sector