POLECON 101 Study Guide - Final Guide: Dismantled, Petrodollar Recycling, Henry Giroux
15 Oct 2018
School
Department
Course
Professor
Document Summary
Stages of development: traditional society: rely heavily on manual labor and self-sufficiency to survive (limiting productivity) and economy in this stage has a limited production function which barely attains the minimum level of potential output. : economy undergoes a process of change for building up of conditions for growth and take off. Reduction in poverty rate and increasing standards of living. : society is able to choose between concentrating on military and security issues, on equality and welfare issues, or on developing great luxuries for its upper class. There is a desire to develop an egalitarian society and measures are taken to reach this goal: age of high mass consumption . This theory is linear, assuming that every country will follow the same path to development and a critique is that this path to development is too linear and rigid. Stages are logical not descriptive (can be applied to other countries)
