1. imperialism
... comparison to the United States and Germany, where their output was in the ascendancy. The Germans specialised in dyes, drugs and photochemical products, the Americans in electro-chemicals. Britain in soap, paints, coal tar and explosives. Consequently, British investors were unlikely to invest in British companies in direct competition with German or American firms, exacerbating the gap in these areas. The ... productivity improvement in services and light industries , which are underrepresented in the standard indices of industrial output." McCloskey does conclude, however, that scatt...
- Word Count: 3250
- Approx Pages: 13
- Grade Level: Undergraduate