The chemical industry has been one of the best-managed, steadily successful, major industries for the past 150 years. By examining the history, comparative economic advantage, and growth of this economic success, important lessons may be learned and applied to today's chemical industry or any other large industry. Chemicals and Long-Term Economic Growth examines the chemical industry's growth according to the principles of comparative advantage. The book investigates the reasons why the chemistry industry has succeeded for so long while other industries have experienced highs and lows. Using specific examples and historical events, the book shows the managerial and business lessons that the chemical industry has taught, how these lessons may be applied to other fields, why a chemical industry is needed for the development of any industrial nation, and how the chemical industry can maintain its previous levels of economic excellence.