Presentation topic :

ROSTOW STAGES OF GROWTH

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 2nd 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 3rd STAGE OF GROWTH

3. Take off: Increasing industrialisation Further growth in savings and investment Some regional growth Number employed in agriculture declines

ROSTOW 4th STAGE OF GROWTH

4. Drive to Maturity: Growth becomes self-sustaining –

Urbanisation increases

Industry more diversified

Increase in levels of technology utilised

ROSTOW 5th STAGE OF GROWTH

5. High mass consumption High output levels Mass consumption of consumer durables High proportion of employment in service sector