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Industries in sentence

1758 examples of Industries in a sentence

In many countries, protectionism nurtures "hot-house industries" that cannot compete in world markets.
Since then, Japanese policymakers have been working to launch what Abe calls the third “arrow” of his agenda: arduous reforms of key industries and the demolition of structural barriers to growth.
Japan’s productivity slump permeates the entire economy; labor and capital productivity gains have nearly stalled in almost every sector – even in Japan’s signature advanced manufacturing industries.
New research by the McKinsey Global Institute examines Japan’s advanced manufacturing, retail, financial services, and health-care industries in detail – and finds substantial untapped productivity potential in every area.
Yet, even as China leads the way in digitizing consumer industries, business adoption of digital technologies has lagged.
Not only does excess capacity have a negative impact on growth; perhaps more important, sharply declining growth also contributes to massive redundancy in some industries (especially resources and the heavy and chemical industries).
Since assuming office in 2013, Premier Li Keqiang’s government has chosen not to loosen the previous government’s rigorous macro policies, instead hoping that the resulting pressure on existing industries might help to stimulate the authorities’ sought-after structural shift toward household consumption and services.
The result is excessively high financing costs, which have made it impossible for firms in many manufacturing industries to maintain marginal profitability.
As it stands, Africa’s women continue to be underrepresented in key industries and executive roles, owing to workplace discrimination and patriarchal expectations at home.
To be sure, the Trump administration has attempted to ensure that its tariffs do not directly defy those rules, by asserting that they are aimed at protecting national security – an objective that the WTO recognizes as a valid reason to protect domestic industries.
But even Charles de Gaulle, a resistance leader of the right, had to accept Communists in his first postwar government, and he agreed to nationalize industries and banks.
Its leaders now hope to achieve high-income status by developing more technologically sophisticated industries.
What Modi’s plan lacks is a strong focus on expanding India’s labor-intensive industries.
Old products and industries are replaced by new or better ones, thanks to novel technologies, fresh marketing approaches, or new organizational structures.
Targeted policies have promoted the emergence of a diversified economy based on processed natural resources, high-value manufacturing industries – such as consumer electronics, industrial automation, and heavy industries – and services.
Historical evidence shows that in countries that successfully transformed from an agrarian to a modern economy – including those in Western Europe, North America, and, more recently, in East Asia – governments coordinated key investments by private firms that helped to launch new industries, and often provided incentives to pioneering firms.
The challenge for industrial policy is greater, because it should assist the design of efficient, government-sponsored programs in which the public and private sectors coordinate their efforts to develop new technologies and industries.
Indeed, governments’ propensity to target overly ambitious industries that were misaligned with available resources and skills helps to explain why their attempts to “pick winners” often resulted in “picking losers.”
By contrast, governments in many successful developing countries have focused on strengthening industries that have done well in countries with comparable factor endowments.
That way, once constraints on new industries are removed, private firms in those industries quickly become competitive domestically and internationally.
The question then becomes how to identify competitive industries and how to formulate and implement policies to facilitate their development.
In developed countries, most industries are advanced, which suggests that upgrading requires innovation.
For developing countries, Célestin Monga and I have recently developed an approach – called the growth identification and facilitation framework – that can help developing-country governments increase the probability of success in supporting new industries.
In industries where no domestic firms are present, policymakers should aim to attract foreign direct investment from the countries being emulated or organize programs for incubating new firms.
The government should also pay attention to the development by private enterprises of new and competitive products, and support the scaling up of successful private-sector innovations in new industries.
Finally, the government might help pioneering firms in the new industries by offering tax incentives for a limited period, co-financing investments, or providing access to land or foreign exchange.
Our approach provides policymakers in developing countries with a framework to tackle the daunting coordination challenges inherent in the creation of new, competitive industries.
Members will specialize in industries in which they lack comparative advantage, undercutting the main reason to support free trade in the first place.
But we should not simply allow the US to free-ride on other countries’ reductions, while burning unlimited quantities of fossil fuel to provide cheap energy for its industries.
If the dollar remained stable, the tax would simply push up import prices, and these higher costs would fall on US households and industries that rely on imported inputs.
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