Theories of Development

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Rostow’s Stages of Economic Growth

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Rostow's Stages of Economic Growth, Wallerstein's World System Theory, and Dependency Theory

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1

Rostow’s Stages of Economic Growth

How were these countries able to achieve this modernization and how could poor countries follow a similar path?

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2

Rostow’s model assumes that every country wants to…

achieve modernization.

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3

Rostows model assumes that all countries practiced a form of…

market oriented capitalism.

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4

Rostow’s model assumes that every country would achieve modernization…

in the same way.

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5

Rostow’s Stages

Traditional society —> Preconditions for takeoff —> take off —> drive to maturity —> high mass consumptions

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6

Great Britain was the first country to reach maturity in 1850 due to…

their production of textiles.

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7

After Singapore gained independence in 1965, they focused on…

industrialization and developed profitable manufacturing and high-tech industries.

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8

Russia remains in stage 4 because of…

widespread corruption and oligarchs.

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9

Wallerstein’s World System Theory

Countries are dependent on each other and don’t develop in isolation; some countries dominate and some are exploited.

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10

Wallerstein’s model is too focused on…

economics.

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11

Wallerstein’s model should take into account…

other types of integration or dominance, like cultural influence.

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12

Wallerstein’s model works as a historical analysis, but is not good for…

modern development.

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13

Wallerstein’s model says countries can change their status, but…

doesn’t explain why.

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14

Wallerstein’s model says that _________ go from core countries to semi-periphery and periphery countries.

consumer goods and money

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15

Wallerstein’s model says that ________ goes from periphery to semi-periphery and core, and goes from semi-periphery to core.

cheap labor and natural resources

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16

Mexico is a semi-periphery country because…

it is industrializing and there is a high rate of income inequality.

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17

Angola is periphery because…

many people are living in poverty without food security, education, or transportation.

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18

The UK is a core country because…

it is economically developed and has economic, political, social, and military power.

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19

Dependency theory

Economic growth in industrialized countries does not lead to growth in non-industrialized countries because they depend on core countries to buy their raw materials and sell good

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20

The dependency theory has no factor that distinguishes…

dependent vs non dependent countries.

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21

The dependency theory does not show other factors that lead to…

under development, like leaders making bad decisions.

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22

Resources go to…

core countries.

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23

____________ leave core countries.

Goods and manufacturing

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24

Periphery sends animal fur to a core country and then…

buys it back as clothes.

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25

Semi-periphery sends ore to a country and then…

buys it back as metal for building.

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26

Periphery country buys goods made of…

materials they extracted.

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