Engine
in sentence
771 examples of Engine in a sentence
Firms can make incremental changes to existing products, thereby becoming more competitive in an existing market segment; they can introduce products, like Sony’s iconic Walkman or Apple’s iPhone, that create new market segments; or they can develop a product – such as electricity, the car, or an Internet search
engine
– that is so disruptive that it renders an entire sector or way of doing business almost obsolete.
Compare the new technologies with the traditional model of industrialization, which has been a powerful
engine
of economic growth in developing countries.
Indeed, research programs led by defense industries have already changed our lives, giving us the jet engine, the Internet, and satellite navigation.
The global economy’s most powerful growth
engine
does not need simply “more market.”
In contrast to a steam
engine
or an old-fashioned automobile, whose operations were easily comprehensible, modern automobiles or airplanes are so complicated that their operators have no idea how the technology they are using actually works.
Moreover, power resources, such as the cost of imported oil or an advanced fighter aircraft engine, are better judged according to the exchange rates of the currencies that must be used to pay for them.
India, with its huge population, scientific prowess, and entrepreneurial vitality, is another powerful
engine
of Asian growth.
Following the path of the steam
engine
long ago, progress is not “doomed to be rare and erratic.”
That way, wage income, not debt and asset price inflation, can again provide the
engine
of demand growth.
Rather than simply handing money from one state to another, as the world has done for the last 60 years, development funds must be used to mobilize the private sector – the real
engine
of economic growth and development.
Chinese policymakers should view the shadow-banking scare as a market-driven opportunity to transform the banking system into an efficient, balanced, inclusive, and productive
engine
of growth.
Unfortunately, it has become clear that the Franco-German engine, which is crucial to the EU acting in unison, is momentarily blocked.
More importantly, despite the promising news coming from Germany these days, it would be an overstatement to call the German economy a growth
engine
for Europe, given that it, too, is growing more slowly than the euro zone as a whole.
The same goes for investment flows – the second
engine
of globalization – which are often conveniently forgotten in discussions of the US-China economic relationship.
If the risk can be eliminated, the investment
engine
can be kept going, at least temporarily.
The commercial potential of the Internet, the human genome project, and robotics pales in comparison with that of the spinning jenny, the steam engine, and indoor plumbing.
With this
engine
of growth turned off, it is hard to see how the American economy will not suffer from a slowdown.
China is investing in its future by challenging both its citizens and the auto industry to evolve beyond the internal combustible
engine.
At stake is the sputtering Franco-German
engine
that has driven European integration and kept it at the center of the post-war multilateral system.
India’s economy must be freed from the organizing principle of state control, so that individual enterprise and creativity can become its main
engine.
Isolationism and protectionism, if taken too far, would break the trade-based economic
engine
that has delivered peace and prosperity to the world for decades.
The second
engine
– the eurozone – has now stalled after an anemic post-2008 restart.
Likewise, the third engine, Japan, is running out of fuel after a year of fiscal and monetary stimulus.
And emerging markets (the fourth engine) are slowing sharply as decade-long global tailwinds – rapid Chinese growth, zero policy rates and quantitative easing by the US Federal Reserve, and a commodity super-cycle – become headwinds.
So the question is whether and for how long the global economy can remain aloft on a single
engine.
So the global economy is flying on a single engine, the pilots must navigate menacing storm clouds, and fights are breaking out among the passengers.
The aim of the concept of potential – as opposed to actual – GDP is to take into account that, like an engine, an economy often operates below or above potential.
And it needs massive investments in electric vehicles (and advanced batteries), together with a sharp reduction in internal combustion
engine
vehicles.
But European politicians, of right and left, believe that public expenditures are the
engine
of growth.
And now that the phase of catch-up growth is over for China, this
engine
of global trade will slow.
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