Description: With economic and managerial insights supported by specific real-world examples, this book shows how the development of the chemical industry can provide insights for achieving and sustaining economic growth. Scientists and business leaders in the chemical industry and many other technological fields, and economists generally, may benefit from the history and analysis presented in this book. This book examines the role of science, innovation, technology, and organization in creating economic growth and profits; chemical industry growth in Germany, Britain, the United States, and Japan, including an analysis of relative strengths and weaknesses; the impact of macroeconomics, legal and financial institutions, corporate finance, and other policies and institutions on the behavior of chemical companies; and the principle of comparative advantage - why certain industries excel in certain areas.

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