Comparative Analysis of Economic Development Models 7.5

Rostow’s five-stage model of economic growth and the core-periphery concept of Wallerstein’s three-part world system theory are two of the more common economic development models.

Identify and compare ONE difference between the stages of economic growth and the core-periphery model.

Use one of the two models to explain the level of economic development in either Mexico or Brazil.

Give ONE example of how the core-periphery concept can be applied below the national scale.