Based on his book “Stages of economic growth”

Uses a historical approach

Under developed economy Limited growth in science & technology (Pre-Newtonian era) Limited production functions Excessive dependence on agriculture Political power Usage of income Slow economic growth Series of changes

Transition stage New renaissance age Spread of education & knowledge Modern science Investment & risk- taking Economy at snail’s pace Development of people’s qualities Discoveries & inventions Division of society Transportation,agriculture & imports

Overcoming of the obstacles Increase in investment and per capita

output Growth of manufacturing sectors Development in political, social &

institutional framework

Result of the take-off stage More amount of goods are produced Self-generating economy Technological & entrepreneurial skills Old and new industries

Shift in the attention of the society Country’s aspirations - Longs for external power &

influence - Welfare measures - Consumption - Per capita income - Automobiles & durable goods

It de-emphasises any difference between how leading sectors develop in free and controlled markets.

It is accused of trying to fit economic progress into a linear system

It considers mostly large countries.