rostow

[aloyrod_1000]

This is a transitional phase of growth as society prepares itself (endogenously and / or exogenously) for sustained growth. The transition process is driven by the fruits of modern science and the economy is in a position to fend off diminishing returns and thereby enjoy exponential productivity improvements. Gradually, economic growth rate begins to improve due to lateral expansions or symbiotic economic relationships with other parts of the world markets

 

[jitendra05]

This is a transitional phase of growth as society prepares itself (endogenously and / or exogenously) for sustained growth. The transition process is driven by the fruits of modern science and the economy is in a position to fend off diminishing returns and thereby enjoy exponential productivity improvements. Gradually, economic growth rate begins to improve due to lateral expansions or symbiotic economic relationships with other parts of the world markets

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