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If a Western nation was experiencing economic decline, what would a Keynesian economist recommend? What would a neo-liberal economist recommend? Summarize the five stages in

  1. If a Western nation was experiencing economic decline, what would a Keynesian economist recommend? What would a neo-liberal economist recommend?
  2. Summarize the five stages in Rostow's model of economic growth.
  3. What evidence can you give that Canada is in Rostow's level 5?
  4. Is Rostow's model still valid for 21st century economic development? Why or why not?

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