This is fourth stage in Rostow's model where technology diffuses, industries diversify and investment reaches levels that promote sustained economic growth.
In our race analogy, this would be when our runner finds their stride. They're not just running anymore; they're maintaining a steady pace that allows them to keep going without burning out too quickly (sustained growth).
Technology Diffusion: The spread of technology across borders and societies.
Investment: The action or process of investing money for profit or material result.
Diversification: A risk management strategy that mixes a wide variety of investments within a portfolio. In the context of an economy, it refers to the increase in range of industries and products in its market.
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