Saudi Arabia and the United Arab Emirates followed these stages of development:
1. traditional, agrarian society
2. investment in fossil fuel extraction, resulting in becoming leading crude oil exporters
3. reinvestment of revenues in infrastructure, education, steel, and other industries
4. motor vehicle and cell phone ownership rose to become the highest per capita, globally
5. launch of renewable energy initiatives and creation of an electricity supply market in 2017
This approach aligns with which development model?
(1 point)
• W.W. Rostow's model
• the peripheral model
• the green revolution model
• the self-sufficiency model
• the "four dragons" model
1 answer
• W.W. Rostow's model