What part did technological innovation play in the economic expansion after World War II? What is ...

ANSWER:
World War II was an enormous generator of industrial innovation, resulting in new products and markets. Improvements in transportation and communication were also important in spurring economic growth. Advances in electronics brought about by the war have been especially responsible for economic expansion. In the last fifteen years alone, the growth of the computer industry has increased economic expansion and productivity. Transnational corporations have become the primary agents of these technological changes. The transnational corporation does business across national borders, has multinational ownership, and has shareholders, workers, and managers from many different countries. As these companies become more powerful, they are increasingly able to escape the control of national governments by shifting the sites of their facilities to countries with less intrusive policies.