Industries
in sentence
1758 examples of Industries in a sentence
Seizing on a $93 million debt that Armenia owed to Russia, the Putin administration demanded payment in either cash or equity in Armenia’s major
industries.
There has been pressure to impose targeted sanctions aimed at impeding the financial operations of Iran’s Revolutionary Guard, which holds a virtual monopoly over strategic
industries
such as banking, defense and construction.
China’s strategic “Made in China 2025” plan is a high-tech industrial policy aimed at transforming China into a dominant global leader in the
industries
of the future.
Selective tariffs can be useful for protecting defense-related
industries
or to prevent other countries from stealing cutting-edge technologies.
It also has 27 universities ranked in the top 100 worldwide, and its creative
industries
contribute about 7% to its GDP.
Much of that remarkable economic performance is built on the
industries
of the low-carbon future.
In particular, creative industries, such as animation, arts, design, and software – which are mostly based on individual skills and talent – tend to be more resilient to conflict than others.
Despite its long history of political violence, its creative
industries
are expanding.
According to a 2007 study of Lebanon’s copyright-based industries, conducted by the World Intellectual Property Organization, the main challenges facing the country’s software sector – an important part of its economy – include restricted markets, intense competition, a brain drain (loss of human capital), inadequate technology policy, a lack of government incentives, and rampant piracy.
But countries like Lebanon have become resistant to its effects – for example, by developing creative
industries
– diminishing its negative impact on economic, social, and intellectual development.
In 2005, 10% of all new businesses in Lebanon were in the creative sector, and the copyright-based
industries
contributed 4.75% of GDP.
Meanwhile, exports of such goods from developing countries, which tend to experience more violence, grew at a rate of 13.5%, reaching $176 billion (43% of total world trade in creative industries) in 2008.
In order to bolster economic growth and innovation amid conflict and volatility, policymakers and investors should focus on building the creative
industries.
These moves follow US President Donald Trump’s proposal to impose tariffs on $50 billion worth of Chinese products, many of which are on the priority list for “Made in China 2025,” President Xi Jinping’s blueprint to transform China into a global leader in high-tech
industries
like aerospace, robotics, pharmaceuticals, and machinery.
The People’s Bank of China has been providing spurts of liquidity to the market, in the hope of relieving financial constraints on productive private businesses and
industries.
Credit to the state sector ends up flowing not into productivity-enhancing investments, but into the housing market (fueling price bubbles) and
industries
with excess capacity (fueling even more overcapacity and enabling companies to avoid much-needed restructuring).
For example, they allow exporting countries to provide financial support and subsidies to specific industries; but they also give importing countries the right to use tariffs to offset these subsidies.
From this perspective, China’s currency policies not only undercut the competitiveness of African and other poor regions’ industries; they also undermine those regions’ fundamental growth engines.
In addition, the government should organize on a regular basis formal events with expats and exploit their ideas and experience to promote innovation, entrepreneurship, and the growth of key
industries.
Allowing major multinational companies, which are already reaping massive profits and crowding smaller players out of entire industries, to avoid paying much tax does far-reaching damage, not least by exacerbating inequality and weakening public budgets.
But, as job growth accelerates in
industries
requiring high-skilled workers, we are creating a global market for talent that remains largely vacant.
But, while political leaders have been loaded for bear when it comes to many industries, they have thus far been unable or unwilling to take aim at the impact of aviation.
In other industries, too, data-driven decision-making in product development, marketing, and customer interactions is fast becoming the standard, supplementing (and in some cases replacing) intuition and experience.
More significant disruption is likely to occur across industries, as privileged access to proprietary data redraws competitive battle lines.
I am often asked, “Which
industries
should we encourage?”
For example, as the CID’s Frank Neffke has shown, when new
industries
are launched in German and Swedish cities, it is mostly because entrepreneurs and firms from other cities move in, bringing with them skilled workers with relevant industry experience.
The recently deceased economist Steven Klepper argued that
industries
tend to cluster in particular cities simply because new firms are formed mainly by workers who leave other successful firms, taking the relevant tacit knowledge with them.
Global energy companies in Hungary are interested in promoting strong growth in the number of customers using their services; they act, alongside banking and insurance industries, as a vital lobby on the government for greater foreign investment and openness.
Additionally, there have been attempts to create new posts, develop labor-intensive
industries
and small and medium sized firms, promote the private sector, and encourage service jobs, plus offering occupational training: the government allocated an additional 4.7 billion yuan expressly for job creation in 2004.
(The Chinese takeovers of South African and Nigerian textile
industries
are good examples of this strategy.
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