Five Stages of Economic Development
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Five Stages of Economic Development
According to economist W.W. Rostow's model, countries progress through five stages of economic development. Identify the progression through traditional society, the preconditions for take-off and take-off itself, the drive to maturity, and the age of mass consumption.
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Money: a matter of trust There’s no room for economic growth and prosperity if people don’t trust in money. One of the roles of central banks is to safeguard that trust, as Andréa M Maechler, member of the Governing Board at Swiss National Bank, explained in her keynote speech at OWP: https://bit.ly/3NUgWHA | Institute for Management Development IMD | Facebook
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