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Explain the modern economic issues that motivated Gavin Wright to study the causes of American Industrial...

Explain the modern economic issues that motivated Gavin Wright to study the causes of American Industrial Success.

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Answer #1

American industrial growth rate was very high when Gavin Wright conducted study to know the causes of American Industrial success. following were causes:

  • Growth rate of industrial sector was high.
  • there were innovations.
  • Existing literature and studies were not sufficient to explain industrial success.

Hence, study reached conclusion that major success of industrial sector could be attributed to availability of natural resources; innovations and high demand for industrial products in international market.

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