IGNOU MEDS 2 2018 - Linear Stages of Growth Model

Question

Linear Stages of Growth Model

18 Mar 2020

Answer :

Word Count : 364

The Linear Stages of Growth Model, often referred to as the "Linear Growth Model" or "Stages of Economic Growth," is an economic theory that outlines a simplistic path of development for countries. This model was developed by economist Walt Rostow in the 1960s and is characterized by five distinct stages, each representing a specific phase of a country's economic and social development. Here's a brief overview of each stage:

1. Traditional Society: The initial stage is characterized by agrarian economies with limited technological advancement and low levels of productivity. Populations are largely rural, and economic growth is stagnant.

2. Pre-conditions for Take-off: In this stage, certain preconditions such as

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