Different growth patterns

4 important questions on Different growth patterns

Principal advantage of smaller companies in US was

flexibility, differentiation and restructuring production lines more quickly to respond to consumer needs and market.

Differences between US and German banks

1.      German financial institutions were much large
2.      German banks were able to acquire more opportunities to participate in decision-making at the highest levels.

Small firms in Germany

continued to play an important role in economy
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Britian did not take advantage of Second Industrial Revolution

-          The internal market was less dynamic because per capita income had begun to slow down
-          They continued to export products typical of the First Industrial Revolution.
-          Britain’s socioeconomic structure also failed to pursue the large corporation based on the American model either economically interesting of even rational

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