Industries
in sentence
1758 examples of Industries in a sentence
Cheaper power strengthens international competitiveness, particularly for energy-intensive
industries
like petrochemicals, aluminum, steel, and others.
In the late 1800’s, America had its Gilded Age, with the creation of large new
industries
by the era’s “robber barons” accompanied by massive inequality and corruption.
Subsidies, domestic-content requirements, investment regulations, and, yes, often import barriers were critical to the creation of new, higher-value
industries.
The former need to restructure their economies and promote new industries, and the latter must address domestic concerns over inequality and distributive justice.
Economic sanctions and political isolation have, of course, deeply hurt the regime, especially the Revolutionary Guards, whose leaders and
industries
have been directly targeted by the international community.
And, like it or not, even a Russia that lacks the dynamism needed to succeed in manufacturing and the
industries
of the future will remain a commodity-producing superpower.
But throughout that process, productivity gains have been reinvested to create new innovations, jobs, and industries, driving economic growth as older, less productive jobs are replaced with more advanced occupations.
The internal combustion engine, for example, wiped out horse-drawn carriages, but gave rise to many new industries, from car dealerships to motels.
Small business loans have been pivotal in creating not only new businesses, but whole new
industries.
Indeed, African business leaders often cite finding people with the right skills as a major challenge to their operations, especially in high-tech
industries.
Globalization and technological change are reshaping production throughout Europe, leading to the decline of traditional
industries
and rapid growth of high-technology manufacturing, banking and finance, scientific research, and business services.
The products of electronic and digital
industries
will continue to expand their impact, with “big data,” the “Internet of things,” and the “industrial Internet” becoming increasingly prevalent.
Beyond the extension of these twentieth-century technologies, we can also anticipate a new set of transformational
industries
– as yet nameless – as we advance into the new millennium.
At the same time, just as the twentieth century’s convergence of physics and engineering transformed our lives, the accelerating convergence of biology and engineering is driving unprecedented discoveries that promise to create another platform for innovation, the rise of new industries, and economic growth.
The
industries
and economic drivers of the twenty-first century will arise from the increasingly combined efforts of biology and engineering.
Local
industries
have suspended work for lack of money.
China itself has benefited from today’s open international trade and investment regime, which allows firms to locate production where it is most beneficial for their international competitiveness – and is now beginning to shed labor-intensive
industries
itself.
True, these goals were always in tension, such that we sometimes put growth incentives before income equality, and openness before the interests of specific workers or
industries.
Nonetheless, where firms or
industries
are particularly vulnerable to reputational issues, image and ethics could be a significant factor in more marginal business decisions (particularly with rising costs and tougher labor regulations already causing some firms to look elsewhere).
State-guided capitalism describes economies where growth is a central economic objective (as it is in the other two forms of capitalism), but attempts to achieve it by favoring specific firms or
industries.
But the Achilles heel of state guidance is that once such economies near the “production-possibility frontier,” policy makers run out of
industries
and technologies to copy.
When government officials rather than markets then try to choose the next winners, they run a great risk of choosing the wrong industries, or channeling too much investment – and thus excess capacity – into existing sectors.
Moreover, the bias toward manufacturing and export
industries
leads to a severe misallocation of capital.
Some US industries, such as chemicals and plastics, will gain a significant comparative advantage in production costs.
And as these technologies continue to be developed and widely adopted, they will bring about radical shifts in all disciplines, industries, and economies, and in the way that individuals, companies, and societies produce, distribute, consume, and dispose of goods and services.
Governments will have a crucial role to play, but business and civil-society leaders will also need to collaborate with governments to determine the appropriate regulations and standards for new technologies and
industries.
Companies in these
industries
tend to be not only family-owned, but also large in size and heavy in capital investment, and they do not typically view startups as potential strategic business partners.
All of this implies high barriers to entry for new businesses, which face severely limited opportunities to disrupt, spin off, or even leverage major
industries.
Unsurprisingly, in these major industries, disruptive entrepreneurship and innovation tend to arrive slowly and late.
Back in the 1960’s, the economists William Baumol and William Bowen wrote about the “cost disease” that plagues these
industries.
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