one strength of Rostow's model
http://geography.about.com/od/economic-geography/a/Rostow-S-Stages-Of-Growth-Development-Model.htm
Rostow's model, also known as the "Stages of Economic Growth," is a theory proposed by economist Walt Rostow in 1960 that outlines the stages through which countries pass as they develop economically. One strength of Rostow's model is that it provides a simplified and structured framework to understand the process of economic development.
To explain how to identify a strength of Rostow's model, one approach is to analyze the key features and components of the model. Rostow's model consists of five stages of economic growth, including traditional society, transitional stage, take-off, drive to maturity, and high mass consumption. In each stage, Rostow identifies specific characteristics and conditions that the economy should possess.
One strength of Rostow's model is its linear and sequential representation of economic growth. The model suggests that there is a natural progression from one stage to another, and that countries must pass through each stage in a certain order. This can be beneficial in analyzing and understanding the historical development of different economies.
Furthermore, Rostow's model emphasizes the importance of investment in infrastructure and industrialization as crucial factors for economic growth. It promotes the idea that countries need to focus on industrial development, technological advancements, and increasing productivity to move from one stage to the next. This can serve as a guiding principle for policymakers and governments when formulating development strategies and policies.
Another strength of Rostow's model is its emphasis on the role of external factors, such as international trade and foreign aid, in promoting economic growth. Rostow argues that developing countries can benefit from interactions with more advanced economies through trade and foreign investment. This insight highlights the interconnectedness of economies and the potential benefits of globalization.
In summary, one strength of Rostow's model is its structured and sequential nature, providing a framework to understand economic development. Additionally, it highlights the importance of investment in infrastructure, industrialization, and external factors in promoting economic growth. However, it is important to note that Rostow's model has faced criticism for its linearity and lack of cultural and historical considerations.