According to walt rostow's modernization model, a country becomes developed when __________. a. it becomes agriculturally self-sufficient b. it mobilizes capital for business investments, thereby increasing its exports c. it has a high literacy rate and widespread access to education for people of all social classes d. it has an economy based on the production of goods and services demanded by the global economy

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13-09-2022
Social Studies

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According to walt rostow's modernization model, a country becomes developed when __________. a. it becomes agriculturally self-sufficient b. it mobilizes capital for business investments, thereby increasing its exports c. it has a high literacy rate and widespread access to education for people of all social classes d. it has an economy based on the production of goods and services demanded by the global economy

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tutorconsortium344 tutorconsortium344 · Answer 1 · 2022-09-15T19:29:33+02:00

When a nation has an economy based on producing the goods and services needed by the world economy, as defined by Walt Rostow, that nation is considered to be developed.

What is economic growth?

An improvement in the income and level of living of the populace is referred to as economic development. It entails boosting the well-being and standard of living for all citizens of a nation.

Walt Rostow asserts that a country's economy develops when there is a market for its products on a global scale.

As a result, a nation is said to be developed in Walt Rostow's view when its economy is built on producing the commodities and services that the rest of the world needs.

To know more about economic growth

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