Stages of Economic Growth Revisited

  • E. S. Mason

Abstract

The framework of Walt Rostow’s stages of economic growth was originally published in an article in the Economic Journal in 19561 and elaborated in a series of lectures to Cambridge undergraduates in 1958. In this early formulation the process of economic growth was perceived to consist of three stages.

Keywords

Migration Depression Europe Income Social Stratification 

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Notes

  1. 1.
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  2. 2.
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    W. W. Rostow, The World Economy, op. cit., p. 367. The quotation is from Donald F. Gordon which reads in full, ‘Economic growth has not been the result of a small number of spectacular inventions and leading sector industries, but rather it appears as a result of a large number of small advances over a wide front’. From a review oîHow It All Began, in Business Week (19 May 1975) P. 23.Google Scholar
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    This work is summarised in Chenery et al., Structural Change and Development Policy, op. cit.Google Scholar
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    Ibid., p. 561. ‘The rule is not, of course universal (…) more than economic problems are involved in this transformation, and history offers no guarantee that this acceleration of growth will happen’.Google Scholar
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Copyright information

© Charles P. Kindleberger and Guido di Tella 1982

Authors and Affiliations

  • E. S. Mason

There are no affiliations available

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