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Rostow's Modernization Model
3
Transcript
Rostow's Modernization Model
By: Kevin, Raymond, and Jonah
Assumptions of the Model
High Mass Consumption
Drive to Maturity
- High incomes
- Widespread production of goods and services
- Majority of workers enter service sector
- Migration to suburbia
- Almost no population growth
- High standard of living
- Example:
- Japan, US, Western Europe
- Technologies diffuse
- Industrial specialization occurs
- International trade expands
- Modernization is evident
- Population growth slows
- Reduction in poverty rate
- Standard of living increases
- Example:
- East Periphery
Traditional Society
Preconditions to Takeoff
Critiques
- Rostow's model is based on Western countries, so it is biased to countries that do not follow their development
- Rostow assumes that economies sustain themselves when they reach High Mass Consumption, when economies always need a push
- The model does not take the geography of the region into concern
- It also does not consider countries ability to influence each other
Takeoff
Countries
- Singapore is an Asian example of the Development model
- After it became independent it developed profitable manufacturing and high-tech industries
- Now it is a really sought after economic partner
- Rwanda is a country that does not follow this model
- Not only has colonial powers stunned its development, but after its independence, internal conflict and political unrest has halted the progress that Rwanda could have made in the years.
- Rostow assumed that economic progress was linear
- Rostow's model assumes the inevitable adoption of Neoliberal trade policies
- Rostow assumes that the only way to develop is through capitalism and industrialization
- Development is measured in GDP growth
- All countries follow the same path to development
- Economy driven by agriculture: hunting, gathering, and subsistence farming.
- Barter system
- Social structure is rigid
- Technology slow to develop
- Example:
- Pockets in Brazil that are still hunter gatherers
- Experiences something similar to an Industrial Revolution
- Urbanization increases
- Industrial progress, technological and mass production breakthroughs occur
- Example:
- Mexico, China, South Korea
- Establishment of bank and currency
- High percentage of agriculture workers shift to industry and commerce
- New leadership
- Greater flexibility, openness, and diversification
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