The Stages Of Economic Growth: A Non-Communist Manifesto '

In The Stages of Economic Growth: A Non-Communist Manifesto (1960), Walt Whitman Rostow inspires terminology that still sticks in our minds after 55 years. In his work, Rostow uses the terms “underdeveloped” and “developed” to explain the stages of economic development that all countries need to go through. In Rostow’s time, he observes that the United States, Western Europe, and Japan were exemplar nations which have passed the test of development and maturation. According to Rostow, countries that were not like the United States were underdeveloped, or in the process of development. Rostow’s choice in the word “development” implies that there is still hope for these countries and that somewhere in the future, near or far, these “underdeveloped” nations can one day mature to be developed nations with stable economies. Yet, in today’s time, this …show more content…
Companies from developed nations exploit the poor of underdeveloped nations like Bangladesh, India, and China by offshoring their production to their countries, keeping subpar working conditions, and barely paying the employees enough to live on. If these companies could work together with the governments of the third world nations they use to their advantage to create better working conditions and regularize pay, then these companies would be doing workers a great favor.
Offshoring is nothing new. Companies have offshored their factories for as long as industrialization has been around. In the early 20th century, to transport products from one country to another was immensely expensive. For this reason, companies built headquarters on every continent. It was easiest to manufacture the