What are Rostowís limitations?

• Presently LDCs face much various conditions than DCs into the 19th century the origin of Rostowís studies

• LDCs are very same but very different which generalised solution inappropriate is

• Rostow does not describe the link in between Investment and Savings. The Harrod-Domar model best describes that.

• Savings fund investment but investment alone is an essential but inadequate condition for growth. Growth requirements right social, Cultural, institutional and political conditions to be into place too.

Posted Date: 8/27/2013 7:31:11 AM | Location : United States

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