Reference no: EM132312904

Review Rostow's five stages of economic growth and categorize the following countries: Spain, U.S.A., Uganda, Brazil, and China. W. W. Rostow based his theory on the three economic sectors: primary, secondary, and tertiary. The globalization of nations reflects where a nation is in the development pattern. His theory includes the following levels:

• Traditional society - primary a subsistence economy in which agriculture is the most important industry; little trade beyond borders because production is consumed by producers.
• Transitional stage - surplus of production and emerging transportation system; opportunities for trade develop.
• Take off - initiation of industrialization with increased in manufacturing; focus on a few industries; social and political institutions developed to support industrialization
• Drive to maturity - growth increasing; innovation developing
• High mass consumption

What conditions must exist for the above countries move from one stage to another? Do countries regress through the levels? What would cause a country to regress?