Rostow’s Stages of Economic Growth Explained | Five Stages of Development in Economics
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Rostow’s Stages of Economic Growth Explained | Five Stages of Development in Economics
Learn about Rostow’s Model of Economic Growth, one of the most influential theories in development economics. Proposed by Walt Whitman Rostow (1960), this model outlines how an economy evolves through five stages of growth — from a traditional society to the age of high mass consumption. In this video, we explain: The five stages of Rostow ...
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