Economic Growth
A) The process of economic growth
- The most common meaning of Development
Three inter – related process of economic, social and political transformation.
The stage model (theory) of W.W. Rostow:
1. Traditional Stage
2. Pre – conditions for Take off production
3. Take off stage
4. Drive to maturity stage
5. Economy maturity stage (The stage of high mass consumption)
(6) Development beyond high consumption (post – industrial stage)
How long does economic development take?
Why is Compound interest of central importance in the theory of Rostow?
B) The process of Social Transform
CAN ECONOMIC GROWTH OCCUR WITHOUT SOCIAL CHANGE?
CAN SOCIAL CHANGE OCCUR WITHOUT ECONOMIC GROWTH?
1. Social changes associated with economic development.
A) Urbanization
B) Increased in education
C) Communication
D) Mobility (geographical, occupational, social)
E) Bureaucratization
F) Changes in social Structure (changes in cultural symbols, rules of behavior, social organizations, or value systems.)
G) Other changes
2. Cultural changes linked with economic development:
A) Achievement motivation
B) Priority to rationalism
C) Expectation of change
D) Fragmentation and compartmentalization of values.
3. The challenge to development from the demographic cycle.
| | BIRT | Death | Growth |
| Traditional | H | H | L |
| Transition | H | L | H |
| Develop | L | L | L |
3. Political change and development:
- The politics of economic growth and social transformation.
A five- stage theory of political change (A.F.K Organski)
1. Politics of unification/state building
2. Politics of nation building
3. Politics of economic growth/industrialization
4. Politics of national welfare
5. Politics of democratization/inclusiveness/ participation
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