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Industrial innovation and productive structures: The creation of America’s ‘Arsenal of democracy’

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  • Best, Michael H.

Abstract

This paper uses World War II as a real world laboratory to examine the historical-structural origins of America’s unique systemic capability to create new and transform existing industrial sectors. Between 1935-9 and 1944, US munitions production increased 140 times versus 7 times in Germany while national output nearly doubled.

Suggested Citation

  • Best, Michael H., 2019. "Industrial innovation and productive structures: The creation of America’s ‘Arsenal of democracy’," Structural Change and Economic Dynamics, Elsevier, vol. 48(C), pages 32-41.
  • Handle: RePEc:eee:streco:v:48:y:2019:i:c:p:32-41
    DOI: 10.1016/j.strueco.2017.08.002
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    References listed on IDEAS

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    1. Nathan, Robert R, 1994. "GNP and Military Mobilization," Journal of Evolutionary Economics, Springer, vol. 4(1), pages 1-16, March.
    2. Best, Michael, 2001. "The New Competitive Advantage: The Renewal of American Industry," OUP Catalogue, Oxford University Press, number 9780198297451.
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