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Dynamic development 2 - Coggle Diagram
Dynamic development 2
Rostows model
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Stage 1 is the lowest level, Stage 2 is the highest
Stage 1 - Traditional society, mainly in primary sector. Little Trade, before Industrial revolution
Stage 2 - Preconditions for takeoff - Manafacturing starts to develop, infrastrcuture is built. Interantional trade begins, TNCs are encouraged to invest, agriculture becomes commercial
Stage 3 - Rapid intensive growth, large scale industrialisation. Increasing wealth, TNCs dominate the economy, govt invests in education and healthcare (infrastructure)
Stage 4 - Drive to maturity - People get wealthier, Standards of living rise, widespread use of technology, more tertiary jobs, rapid urbanisation
Stage 5 - Mass consumption - Lots of trade, goods are mass produced, people are wealthy, tertiary dominates
Categorising countries
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HIPCs
37 countries, inclusing: Afghanistan, Bolivia and Chad
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BRICS
Brazil, Russia, India, China, South Africa
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China Dominates, 41% of GDP
MINT
Mexico, Indonesia, Nigeria, Turkey
Each country has favourable demographics for atleast the next 20 years, and have interesting economic prospects
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Asian tigers
Taiwan, Singapore, Hong Kong, South Korea
Wealthy, high tech industrialised developed countries which maintained excpetionally high growth rates from 1950s-1990s
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G7
UK, France, Canada, Germany, Japan, Italy, USA
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Aid
Financial or humanitarian assistance such as money, emergency supplies or defensive supplies
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