Kadhim A. AL-Eyd
OIL REVENUES AND ACCELERATED GROWTH
Kadhim A. AL-Eyd (OIL REVENUES AND ACCELERATED GROWTH)
According to W. W. Rostow the “take-off” stage is historical-1y traceable to “a particular sharp stimulus.” The stimulus can take several forms including “a newly favorable international environment, Such as the opening of British and French markets to Swedish timber in the 1860s or a sharp relative rise in export prices.
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