The document summarizes Rostow's Stages of Growth Model and outlines four stages of economic development: 1) Subsistence Economy characterized by low productivity, few public services, and incomes near subsistence levels. 2) Commercial Economy where governments invest in infrastructure allowing increased exports and productivity, population growth declines, and incomes rise to $1,000 per person. 3) Emerging-Market Economy featuring manufacturing exports, foreign direct investment, universal education, and incomes of $4,000 per person. 4) Technology-Based Economy with widespread tertiary education, extensive public and private research funding, knowledge-based society, and incomes over $15,000 per person. The role

1. Climbing the Development Ladder An extension of Rostow’s Stages of Growth Model

2. The Four Stages

10. The role of government