What are the stages of National Development? 2. Is there any difference between Objective and Stages?
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What are the stages of National Development? 2. Is there any difference between Objective and Stages?
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According to Rostow, there are 5 stages of Economic and national Development and they are
1. Traditional society
2. Pre-condition for Take-off
3. Take off
4. Drive to Maturity
6. Age of high Mass Consumption
1. TRADITIONAL SOCIETY:
This is an agricultural economy of mainly subsistence farming, little of which is traded. The size of the capital stock is limited and of low quality resulting in very low labour productivity and little surplus output left to sell in domestic and overseas markets
2. PRE-CONDITION FOR TAKE-OFF:
Agriculture becomes more mechanised and more output is traded. Savings and investment grow although they are still a small percentage of national income (GDP). Some external funding is required - for example in the form of overseas aid or perhaps remittance incomes from migrant workers living overseas
3. TAKE-OFF:
Manufacturing industry assumes greater importance, although the number of industries remains small. Political and social institutions start to develop - external finance may still be required. Savings and investment grow, perhaps to 15% of GDP. Agriculture assumes lesser importance in relative terms although the majority of people may remain employed in the farming sector. There is often a dual economy apparent with rising productivity and wealth in manufacturing and other industries contrasted with stubbornly low productivity and real incomes in rural agriculture.
4. DRIVE TO MATURITY:
Industry becomes more diverse. Growth should spread to different parts of the country as the state of technology improves - the economy moves from being dependent on factor inputs for growth towards making better use of innovation to bring about increases in real per capita incomes
5. AGE OF HIGH MASS CONSUMPTION:
Output levels grow, enabling increased consumer expenditure. There is a shift towards tertiary sector activity and the growth is sustained by the expansion of a middle class of consumers.
Reference: Tutor2u
Objective and Stages
There is definitely differences between OBJECTIVE and STAGES. Objective is the aim of something. What you hope to achieve or what is expected to be achieves at the end of a programme, an event or after an activity.
While, stages is the different levels in an activities to achieve a particular milestones or for something to get done. In the case of development, stages could be said to be all the different phases of activities that needed to be done in order to achieve the or set goals and objectives.