Identify the five stages of Rostow’s economic growth theory.

Write a one-page essay and answer the following 3 questions. 1. Identify the five stages of Rostow’s economic growth theory.2. Describe each stage and identify a specific country that typifies each stage and why.3. Define Core-Periphery concepts and suggest reasons why there appear to be a continuing income and economic gaps between developed (Core) and underdeveloped (Periphery) countries.