Rostow's Stages of Development

According to Rostow's Stages of Development, what is the primary focus of the economy in the traditional society stage?

• High levels of technical knowledge and infrastructure

• Advanced technological development and consumer goods production

• Primary production, such as agriculture and extraction of natural resources

• Rapid expansion of the service sector and specialized industries

What is a characteristic of the "preconditions to takeoff" stage in Rostow's model?

• The economy is based on traditional methods of production and trade

• There is a significant change in society as people migrate from rural areas to urban centers

• There is an investment in infrastructure and technical knowledge in order to stimulate economic growth

• The manufacturing sector becomes the driving force behind economic growth

What marks the "takeoff" stage of economic development in Rostow's model?

• The economy is characterized by low levels of productivity and income

• The economy experiences a shift from primary production to factories and an increase in urbanization

• Traditional societies begin to adopt legal and regulatory frameworks to support economic activity

• There is a greater demand for consumer goods and services

During the "drive to maturity" stage, what becomes the driving force behind economic growth?

• Traditional methods of production and trade

• Technical knowledge and advanced technologies

• Primary production such as agriculture

• Government corruption in developing countries

What is a key feature of the "high mass consumption" stage in Rostow's Stages of Development?

• The economy is typically characterized by low levels of productivity and income

• There is a focus on traditional methods of production and trade

• Technical knowledge and education drive further economic growth and development

• The service sector declines in importance

What does LDC stand for according to the Dependency Theory?

• Less Developed Country

• Low Dependency Country

• Large Demographic Country

• Limited Development Country

What is a key characteristic of LDCs as per the Dependency Theory?

• They are highly independent on foreign aid.

• They have high levels of industrialization.

• They are highly dependent on foreign factories and technologies.

• They have fully developed infrastructures.

Which of the following is NOT a criterion used to classify countries as LDCs or MDCs?

• Gross domestic product (GDP) per capita

• Industrialization

• Access to education and healthcare

• Military expenditure

Which of the following countries is often classified as an LDC?

• Switzerland

• Haiti

• Germany

• Japan

Which of the following countries is often classified as an MDC?

• Ethiopia

• Nepal

• United States

• Sierra Leone