CHINA

ROSTOW´S STAGES OF ECONOMIC GROWTH

STAGES OF ECONOMIC GROWTH

High mass
Drive to maturity consumption
- Frequent growing
The take off economy
- Consumers beyond
their basic needs
Preconditions to - Technological - Agriculture
breakthroughs - Tertiary sector
take off workers decrease
increases
occur (Industrial
- Industrial and Revolution) - Workers acquire
- People live in cities
manufacturing society greater skills with
begins higher wages
Traditional society
- Trade expansion
- Farming for subsistence
- Agriculture becomes
- Lack of modern commercialized
technology
- Dependence on manual
labor
HIGH MASS CONSUMPTION

Increase in urban population of 4,3% in

2003

Pay a premium for quality above

necessities

The tertiary industry represent 50,5% of

the GDP in 2015