5 Sector-Based Analysis of Large Corporations in Italy and Spain
5.1 SECTORAL DYNAMICS IN THE LONG RUN
The variety in the activities engaged in by corporations underwent significant transformations during the twentieth century. The spread of the Second Industrial Revolution and, later on, of the Third Industrial Revolution technological paradigm throughout the world increased not only the quantity of produced goods but also the number and variety of products and sectors in which corporations and big businesses operated.
Several studies have stressed the correlation between the wealth of the richest nations in the world and the development of large corporations in the manufacturing sectors typical of the Second Industrial Revolution in those ...
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