Term Paper
GHANA ARMED FORCES COMMAND AND STAFF COLLEGE
GRADUATE SCHOOL OF GOVERNANCE, LEADERSHIP AND PUBLIC MANAGEMENT
TERM PAPER
TOPIC:
AN ANALYSIS OF ROSTOW’S THEORY OF GROWTH
BY
FREDERICK BAWA
INDEX NUMBER: 12022095
LECTURER: DR NAPOLEON KURANTIN
JAN 13 Teshie
AN ANALYSIS OF ROSTOW’S THEORY OF GROWTH
ABSTRACT
Geographers often seek to categorize places using a scale of development, frequently dividing nations into the "developed" and "developing," "first world" and "third world," or "core" and "periphery." These labels are used to judge a country’s level of development though the concept itself is variously defined. The evolution of human societies from primitive hunting communities to the complex modern societies of the 21st century has led to several developmental theorists/scholars offering varied explanations as to how this phenomenon occurred. The uneven nature of this growth amongst the countries in the world has added to the debate and generated a lot of explanations. What explains the disparity in development? What accounts for the advancement and development of some countries to the extent that they are exploring other planets whilst the majority of African countries are wallowing in abject poverty and still struggling to acquire the basic essentials of life?
INTRODUCTION
1. One of the key thinkers in twentieth century Development Studies is WW Rostow, an American economic historian and a vigorous advocate of free market capitalism, argued that economies must grow through a number of developmental stages towards economic growth. He argued that these stages followed a logical sequence and that each stage could only be reached through the completion of the previous stage (Binns, Tony, et al. 2008).
The Rostovian take-off model (also called "Rostow 's Stages of Growth") is one of the major historical
GRADUATE SCHOOL OF GOVERNANCE, LEADERSHIP AND PUBLIC MANAGEMENT
TERM PAPER
TOPIC:
AN ANALYSIS OF ROSTOW’S THEORY OF GROWTH
BY
FREDERICK BAWA
INDEX NUMBER: 12022095
LECTURER: DR NAPOLEON KURANTIN
JAN 13 Teshie
AN ANALYSIS OF ROSTOW’S THEORY OF GROWTH
ABSTRACT
Geographers often seek to categorize places using a scale of development, frequently dividing nations into the "developed" and "developing," "first world" and "third world," or "core" and "periphery." These labels are used to judge a country’s level of development though the concept itself is variously defined. The evolution of human societies from primitive hunting communities to the complex modern societies of the 21st century has led to several developmental theorists/scholars offering varied explanations as to how this phenomenon occurred. The uneven nature of this growth amongst the countries in the world has added to the debate and generated a lot of explanations. What explains the disparity in development? What accounts for the advancement and development of some countries to the extent that they are exploring other planets whilst the majority of African countries are wallowing in abject poverty and still struggling to acquire the basic essentials of life?
INTRODUCTION
1. One of the key thinkers in twentieth century Development Studies is WW Rostow, an American economic historian and a vigorous advocate of free market capitalism, argued that economies must grow through a number of developmental stages towards economic growth. He argued that these stages followed a logical sequence and that each stage could only be reached through the completion of the previous stage (Binns, Tony, et al. 2008).
The Rostovian take-off model (also called "Rostow 's Stages of Growth") is one of the major historical
References: 1. Binns, Tony, et al,(2008). Geography of Development: An Introduction to Development Harlow: Pearson Education 2. Comte, A (1875). The Positive Philosophy of August Comte, Vol 1 New York: Burt Franklin 3. CIA World Factbook, 2012. Central Intelligence Agency. 21 August 2012. 4. Koranteng, N (2012) Lecture on Globalization, Ankrah Hall, Ghana Armed Forces Command & Staff College. 5. http://www.lewishistoricalsociety.com ----------------------- [pic]