A country becomes developed according to Walt Rostow's when : An economy based on the production of goods and services demanded by the global economy.
Economic development can be defined as increase in the income and standard of living of people in a country. It means enhancing the prosperity and quality of life for all residents within a country.
According to Walt Rostow's, when there is global demand for a country's produce, there is an economic development.
Hence, a country becomes developed according to Walt Rostow's when an economy based on the production of goods and services demanded by the global economy.
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