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Walt Whitman Rostow , also known as W.W. Rostow, was an economist in the Lyndon B. Johnson
administration from 1966-1969. He also published articles and developed models on economic
development. One of his most prominent ideas was the five stages of economic development. In
this model, he suggests that societies go through five stages of economic development as they
develop and grow.
Each of Rostow's five stages builds on the previous stage, becoming more complex and integrated.
Depending on the economic forces at play, the time it takes to move through each of Rostow's
stages varies. We'll begin by discussing each stage in detail, then we'll talk about how Rostow's
model has led to other ways of measuring development.
Take-Off
When the preconditions for take-off are met, a society can take off. Educated individuals start
inventing new processes and tools, and access to capital through financial markets and banks make
it possible to produce goods and services on a larger scale. This requires a different type of skill set
from human laborers, so the economy shifts from agriculture to production. This increases wages for
everyone, taking the economic structure from a structure of kings and servants to a wealthy class,
middle class, and lower class. A lower class still exists at this stage, either because of social norms
that discriminate against people or simply because the number of middle class jobs are fewer than
the total number of people.
Drive to Maturity
The next of Rostow's five stages has a general length of time associated with it, the drive to maturity.
According to Rostow, the drive to maturity is about a 60-year period between the take-off and the
final stage, the age of mass consumption. During this short period, an economy (the collective of all
consumers and producers) is able to reinvest 10-20% of what it creates into more production.
Processes are improved, quality of life is improved, and technology and new ideas continue to
become more central to society, while the cost of producing the needs for survival (like food and
shelter) becomes a smaller part of the economy. More importantly, the middle class grows at the
quickest rate of any economic class. For the modern-day U.S., this stage really took place from after
WWI, from about 1915, until around 1980, when the technology era began.