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Show COLLEGE OF SOCIAL & BEHAVIORAL SCIENCE UNDERGRADUATE RESEARCH ABSTRACTS PROPER INSTITUTIONS OPENED THE DOOR FOR TECHNOLOGICAL ADVANCEMENT AND ECONOMIC GROWTH IN AMERICA Brett T. Carlile (Luciano Pesci) Department of Economics University of Utah This paper examines how proper institutions established in our Constitution have paved the way for advancement in technology. While there are many institutions that have shaped the development of American technologies, in order to maintain a more concentrated view this paper primary focuses on institutions related to the corporation, and how the personification of the American corporation has played a major role in the advancement of technology. This paper reviews one of the negative externalities that could be tied to American corporations. The first section examines events leading up to the drafting of the United Sates Constitution and the Fourteenth Amendment to the United States Constitution. After looking at the rights extended to people through this Amendment, the paper explores the economic incentive for corporations to pursue technological innovation. Parting from rights granted through the Fourteenth Amendment of the Constitution, the next section examines 20th century corporate innovation, with a specific emphasis of the automotive industry. The next section examines the positive gains from these types of industries, to some of the negative impacts. The final section of this paper focuses on the positive gains as a result of these institutional protections, which have opened the door to further economic growth, and how protections granted under the Fourteenth Amendment have provided the necessary defenses to give incentive to corporations and pursue technological innovation. Luciano Pesci |