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What does Rostow predict?
For Rostow:
• Savings and capital accumulation (formation) are central to the procedure of growth therefore development
• The solution to development is to mobilise savings to produce the investment to set into train self making economic growth.
• Development can stall at level 3 for lack of savings 15 to 20 percent of GDP needed.
• When S = 5 percent so that aid/loan = 10 to 15 percent plugs savings spaces. Resultant investment implies a move to stage four Drives to Maturity and also self generate economic growth.
How does culture influence the development process? Culture influences what is of value into a society and affects how individuals, communities and organisations react to modi
product asssignment on factor of production
c) Compare and contrast two advantages of refurbishing an existing building with two advantages of developing a Greenfield site.
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Explain how getting right price affected the market for promoting development. Getting prices right implies: • Abolishing price controls as well as subsides on fundamentals.
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Any economic models for this title?
How can the population controlled? Governments can take some steps to controlled populations: • Enhance the education of women and their employment opportunities raises and
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