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Rostow Modernization Model
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Rostow's Modernization Model
Stage 4: High Mass Consumption
- economic development steadily rises standards as mass production stimulates mass consumption.
- People tend to "need" more
- The United stated and Japan moved into this stage in 1900.
Stage 3: Drive to Technological Maturity
- Growth becomes the norm and improvements in productivity lead to emergence of leading sectors.
- number of employed declines because of new technology that is available.
- income rises
- New entrepreneurs emerge.
- People want higher living standards
- More political rights and equality
- Push for more social change and reforms
- Modern technology is fully adopted in all economic activity.
- Economy demonstrates a technological and entrepreneurial skills to produce anything it chooses to.
- However in this stage people begin to realize how industrialization is affecting traditional family and community life.
Stage 2: Take-off Stage
- More sophisticated (pre conditions for take off)
- Shake off traditions and build a sense of individuality
- Characterized by increased productivity in agriculture and modern manufacturing begins to emerge.
- engages in Secular education, which is a system of public education in countries with a secular government or separation between religion and state.(France)
- concept of manufacturing emerges and a few factories developing at first.
- Market emerges as people begin to produce goods not just for their own good but for trade and profit.
Stage 1: Traditional
- The traditional stage is characterized by an economic structure, which is dominated by culture.
- People in traditional societies build their lives around families and local communities.
- Life is spiritually rich but lacking in material goods.
- Tend to oppose technology and see it as a threat.
- Minimal productivity
- Few exchanges of transaction
- insufficient economic and technological improvements
- In Rostow's model of development each stage is a function of productivity, economic exchange, technological improvements, and income. Economic growth occurs when advancing from one stage to another.
Modernization Theory: a model of economic and social development that explains global inequality in terms of technological and cultural differences between nations.
- Modernization theory is one explanation for the unequal distribution of the world's wealth and power.
- This structure functional approach was developed around the 1950s when technology was on the rise.
- This theory explains why affluence is on the rise instead of poverty, since poverty was the norm before the Industrial Revolution and the rise of capitalism.
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