Question
Which stage in Rostow's Stages of Economic Growth is
characterized by the expansion of modern technology across all sectors and the development of new, sophisticated industries like electronics and chemicals?Solution
- Stage 3 (Take-off): This is the "brief interval" (often 20–30 years) where the economy transforms. While it sees the birth of modern industries, they are usually limited to one or two primary "leading sectors" (like textiles or railroads).
- Stage 4 (Drive to Maturity): This stage is defined by the diversification of the industrial base. Rostow describes this as the period when an economy demonstrates it has the technological and entrepreneurial skills to produce, not everything, but anything it chooses to produce. The "newest" developments of modern industries (such as heavy engineering, chemicals, and later, electronics) take root here, moving beyond the simple industrialization of the Take-off stage.
- Stage 5 (Age of High Mass Consumption): This stage shifts focus from how to produce to how to consume, prioritizing durable consumer goods (like cars and appliances) and services.
- Stage 2 (Pre-conditions for Take-off): This is a preparatory stage involving agricultural shifts and the buildup of social overhead capital (infrastructure), but not the widespread development of modern industry itself.
Prime Minister Narendra Modi unveiled a _______ feet statue of Lord Hanuman in Gujarat's Morbi .
Which payment companies have received final approval from the Reserve Bank of India (RBI) to operate as payment aggregators, enabling the fintechs to on...
What is the height range of the Himalayan peaks offered for free climbing by Nepal?
What is represented by the product of force with displacement in the direction of force?
Who was awarded the Nobel Prize in 1930 for discovering the human ABO blood group system?
Which technique was used to create 56,000 sq. meters of dense forests in Prayagraj in preparation for Mahakumbh 2025?Â
What is the name of Telangana’s new land reform act introduced in 2025?
Who has been appointed as the permanent CEO of Penguin Random House?
Which mode of transport will be promoted as an energy-efficient and lower cost mode of transport for passengers and freight through PPP mode with viabil...
Recently International solar alliance has launched a tender to establish 1150 MW solar plant in which country?