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Technologies and the organisations, and also involving in production of the increasingQuantities of work, the capital and natural resources. Already in the middle of XV century
Innovation - the essential factor of the western growth, and from the middle of a XVIII-th century it
Became universal and dominating line of an economic life. Innovations
Covered trade, production, sphere of services, institutes and the organisations.
Inevitable companions of a wide stream of innovations - uncertainty, constant
Have so widely got into process of expansion of trade and working out of the natural
Riches that actually became one more factor of production. Our time not Is the first period of progress of the West European economy, though former
The periods also did not differ such scope. The era of Roman empire, when was the first
England, France and Spain were the Roman colonies. After V century, when empire
Has broken up, and there have come dark centuries, within five centuries the West stayed in
Decline. After the termination of an epoch of dark centuries there has come the second period
The economic growth, begun not later it centuries for which were
Population growth, agricultural reclamation of barren land are characteristic,
Growth of number of cities, substantial improvement of technologies in military science,
Architecture, transport and agriculture. In northern Europe with it till XIV century
Growth had mainly extensive character: the increasing population involved In an agricultural turn-over more and more the earths. Expansion, not Accompanied by innovations, in long run, encounters the serious Restrictions for production growth counting on soul of the population.
It is not always easy to distinguish the growth which source are innovations, and
The growth, having the reason work and capital accumulation. Innovations frequently require
Accompanying growth of work and the capital, and even in the most conservative economy
In long prospect some innovations are carried out. Distinction partly It is based on what type of growth dominates. Partly it is a question Causality: whether grant innovations of possibility for the profitable
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