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Economic Development - Coggle Diagram
Economic Development
Rodrik
Growth Spurt
Policy Reforms
Orthodox results
Unorthodox methods
Does not translate across borders
Market Based Constraints
Government Based Constraints
Sustaining Growth
Investment
Technological Growth
Rostow
Fulfilling preconditions of economic boom
Nationalistic Ideals
Policy Changes
Technological Innovation
Economic Boom/ "Take Off"
Based on specific national industries
Sustain annual investment growth
Expand economic fields
Cultural change
Matured Economy
Differentiation of Industry
Proliferation of new sectors
Deceleration of growth
Inequalities in technological growth
Formation of different societal classes
Higher Urban Population
1 more item...
Structural change in labor force
High Mass consumption age
Private Consumption Based
Suburban communities
automobile growth
Durable consumer goods/services
Changes in Social Dynamics
Crude Birth/Death rates
Full Utilization of resources
Income elasticity
Individualist - Utilitarian Dilemma
Global Power + Armament based
Nuclear arms race
Security and Welfare Based
Socialist thoughts
Drive towards Communism
mass consumption
Different national focuses