U7L5

Who proposed the Stages of Economic Growth model?

• John Maynard Keynes

• Karl Marx

• Walt Rostow

• Adam Smith

In which stage of Rostow's model does the economy diversify and expand existing industries?

• Traditional Society

• Pre - Condition for Takeoff

• Takeoff

• Drive to Maturity

What is the main criticism of Rostow's model regarding development?

• It is applicable to non-capitalist states

• It accounts for hindrances in development

• Development is always linear

• It assumes sustainability in high consumption

According to Wallerstein's World Systems Theory, which countries are considered the most economically and politically dominant?

• None of the above

• Periphery

• Semi-Periphery

• Core

What is the role of the Semi-Periphery countries in Wallerstein's model?

• Provide inexpensive labor to the Periphery

• Provide raw materials to the Core

• None of the above

• Provide goods and services to the Core

What does the Dependency Theory propose regarding resource flow?

• Resources flow equally between all countries

• Resources flow from the Semi-Periphery to the Core

• Resources flow from the Periphery to the Core

• Resources flow from the Core to the Periphery

Which stage in Rostow's model sees a shift to commercial agriculture?

• Pre - Condition for Takeoff

• Takeoff

• Drive to Maturity

• Traditional Society

What are the criticisms of the Dependency Theory?

• Outdated based on industrial production

• Limited practice use

• Trade is symmetrical

• Fails to recognize role of NGOs

In which stage of Rostow's model does the service sector become dominant?

• Traditional Society

• Pre - Condition for Takeoff

• Takeoff

• High Mass Consumption

What is a main difference between Rostow's model and Wallerstein's model?

• Rostow focuses on political elements

• Wallerstein focuses on economic elements

• Rostow is based on interdependent systems

• Rostow's is based on linear development