According to Walt Rostow, economic advisor to U.S. President Kennedy, all countries go through four stages of economic development. In the third stage referred to as the __________, the country reinvests in new industries, and embraces the beliefs, values, and social institutions of the high-income, developed nations.
A) high mass consumption stage
B) traditional stage
C) take-off stage
D) technological maturity stage
Correct Answer:
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