Central bankers can be viewed as either hawkish or dovish, depending on how they approach certain economic situations. As we know what is a hawk and what is dove we can spot out the difference easily. Hawkish Central bankers are described as “hawkish” when they are in support of the raising of interest rates to fight inflation, even […]
Economics
Rostow’s Stages of Growth Model
The Rostow’s Stages of Growth model is an economic model. American economist Walt Whitman Rostow published this theory in 1960. This theory supported capitalism and said how the growth will move on step by step. Rostow’s Five Stages: Traditional society Preconditions for take-off Take-off Drive to maturity Age of High mass consumption Rostow’s Stages of […]