An American economist who proposed the five-stage model of development known as 'Rostow's Stages.'
Economic Development Theory: A broad concept encompassing various theories about how economies should develop or grow over time.
Modernization Theory: A theory suggesting that traditional societies will develop into modern societies with the help of industrialization and westernization.
Dependency Theory: A theory suggesting that developing countries are dependent on developed countries, which can hinder their growth.
AP Human Geography - 7.5 Theories of Development
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