Rosenstein-Rodan’s idea of the need for creating a big push of investment simultaneously in a number of branches of industry fundamental to the success of the development project in less-developed nations can correspond to Rostow’s stage of take-off.
Rosenstein-Rodan's theory mentions massive investment at the very outset of the process of growth as well as Rostow’s take-off stage requires a significant sum of financial funds and assets. Besides, both of them believed that self-sustaining economic development ought to be realized.
Rostow stressed the importance of financial investment. Similarly, Rosenstein-Rodan stated the need for investing within various growth channels, which results in Balanced Growth because each channel maintains the growth of others by providing the requisite demand-base.
And, as another aspect of similarity, like what is discussed in the take-off stage under the title of the industrial revolution, the big push theory mentioned the need for planned industrialization of underdeveloped and developing countries.
To conclude, the Rosenstein-Rodan big push theory can view Rostow's take-off stage since the main features of big push theory are very similar to different characteristics Rostow has introduced in the stage of take-off.
Rosenstein-Rodan
’s
idea
of the need for creating a
big
push
of investment
simultaneously
in a number of branches of industry fundamental to the success of the development project in less-developed nations can correspond to
Rostow
’s
stage
of take-off.
Rosenstein-Rodan
's
theory
mentions massive investment at the
very
outset of the process of
growth
as well
as
Rostow
’s take-off
stage
requires a significant sum of financial funds and assets.
Besides
, both of them believed that self-sustaining economic development ought to
be realized
.
Rostow
stressed
the importance of financial investment.
Similarly
,
Rosenstein-Rodan
stated the need for investing within various
growth
channels, which results in Balanced
Growth
because
each channel maintains the
growth
of others by providing the requisite demand-base.
And, as another aspect of similarity, like what
is discussed
in the take-off
stage
under the title of the industrial revolution, the
big
push
theory
mentioned the need for planned industrialization of underdeveloped and
developing countries
.
To conclude
, the
Rosenstein-Rodan
big
push
theory
can view
Rostow
's take-off
stage
since the main features of
big
push
theory
are
very
similar to
different
characteristics
Rostow
has introduced in the
stage
of take-off.