Between 1950 and 1973, France, Germany, and Japan all experienced growth rates that were at least two
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Between 1950 and 1973, France, Germany, and Japan all experienced growth rates that were at least two percentage points higher than those in the United States. Yet the most important technological advances of that period were made in the United States. How can this be?
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The phenomenon you describe can be explained by a combination of factors related to economic and technological dynamics during that period Several fac...View the full answer
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