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Historical evidence shows that this rarely happens following a balancesheet recession. The drop in construction spending is a necessary correction of previous overinvestment and is unlikely to be entirely reversed. In crisis-hit countries, it is unrealistic to expect the level of output to return to its pre-crisis trend.
But most successful companies used electricity and motors to reinvent their existing businesses, whether in manufacturing, transportation, or construction. For most companies intellectual property is something that sits on their balancesheet. Intellectual capital.
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