Question

identify and compare three differences between the stages of economic growth and the core-periphery model

(answer in a paragraph)

Answer 1

The stages of economic growth, as proposed by Walt Rostow, outline a linear progression of development that societies undergo, typically moving from traditional agrarian economies to advanced industrialized states through five distinct stages: traditional society, preconditions for takeoff, takeoff, drive to maturity, and age of high mass consumption. In contrast, the core-periphery model, developed by Immanuel Wallerstein, emphasizes a spatial and relational dynamic, categorizing regions into a "core" that experiences industrialization and economic prosperity, and a "periphery" that remains dependent and underdeveloped. Firstly, the stages of economic growth focus on a sequential process of development over time, while the core-periphery model highlights the structural inequalities between regions at any given time. Secondly, the growth stages suggest that all societies can achieve higher levels of economic development, while the core-periphery model indicates a more fixed hierarchy that often perpetuates disparities. Lastly, the stages of growth are generally evaluated through national progress, whereas the core-periphery model examines global interactions and the impact of global capitalism on local economies, illustrating how economic power dynamics can reinforce or hinder development in peripheral areas.