Industries
in sentence
1758 examples of Industries in a sentence
The economic benefits of such a strategy for Senegal are potentially vast: new
industries
in mineral processing, transport, and shipping, bringing higher-value-added employment; budget revenues from transit fees for minerals exports and pipelines; and improved infrastructure connecting the country’s rural heartland to Dakar and the coast.
Finally, workers must be educated and trained to use increasingly high-tech tools (especially in labor-intensive industries), so that they can make useful things for which there is still demand.
At the same time, we will reform labor-market rules that tie workers to old
industries.
New
industries
require innovative and creative human resources, and we will redirect our subsidies so that workers without meaningful employment in declining
industries
can move on and find rewarding work in rising sectors.
And corporate performance has improved – primarily in the export industries, which have benefited from a depreciated yen – with many companies posting their highest profits on record.
While economic growth benefited from the dramatic growth in oil and gas prices during the last decade, other competitive
industries
have yet to emerge, and the country now faces the prospect of declining energy prices.
The countries that caught up with and eventually surpassed Britain, such as Germany, the United States, and Japan, all did so by building up their manufacturing
industries.
Many traditional industries, such as textiles and steel, are likely to face shrinking global markets and over-capacity, driven by demand shifts and environmental concerns.
As a consequence, developing countries are starting to de-industrialize and become more dependent on services at much lower levels of income than has been the pattern for developed countries – a phenomenon that I have called premature de-industrialization.Can service
industries
play the role that manufacturing did in the past?
In a recent paper, they argue that service
industries
could serve as a growth escalator, the role traditionally assumed by manufacturing.
Data on output per hour worked suggest a supply-side problem, most clearly manifested in the service sector, where the impressive ingenuity seen in so many manufacturing
industries
typically is nowhere in evidence.
But this has resulted only in a patchwork of interlocking national markets, rather than a true single market, which is one reason why the EU lacks
industries
of a true continental scale.
Now, thanks to the recent success of China and other emerging economies, national planning, industrial strategy, and state ownership of strategic
industries
are back in vogue.
A progression of manufacturing
industries
– textiles, steel, automobiles – emerged from the ashes of the traditional craft and guild systems, transforming agrarian societies into urban ones.
Manufacturing
industries
are what I have called “escalator industries”: labor productivity in manufacturing has a tendency to converge to the frontier, even in economies where policies, institutions, and geography conspire to retard progress in other sectors of the economy.
In particular, as the global economy moves toward knowledge-based value creation, a few innovators in global branding, high-technology, and creative
industries
win big, with the global boom in tech stocks augmenting their gains.
Likewise, a September 2013 report by IHS concludes that midstream
industries
like transportation and downstream
industries
like manufacturing and chemicals are also receiving a massive stimulus.
As a result of the shale-energy boom, “over $216 billion in total will be invested in the midstream and downstream oil and gas industries” from 2012 to 2025.
Nearly 380,000 of the 2.1 million jobs that shale-related
industries
generated in the US in 2012 , were created in these areas.
Modern, high-productivity
industries
have come to employ a smaller share of the economy’s labor force, while informal and other low-productivity activities have expanded.
The natural-resource
industries
that globalization promotes have limited capacity to absorb employment out of traditional sectors.
One lesson is to avoid premature collapse of import-competing
industries
that employ substantial numbers of people before sufficient employment opportunities have emerged in more productive
industries.
Asian countries, for instance, have typically liberalized at the margin (through export subsidies or special economic zones), spurring new export
industries
without pulling the rug from under the rest.
Competitive currencies promote and protect modern tradable
industries
that employ a substantial share of the labor force.
Legal requirements that significantly increase the costs of hiring and firing labor discourage employment creation in new
industries.
While Americans certainly mourn the dead and support the city of Boston, there has been a kind of penetration into the national consciousness that, after the 2001 attacks, America’s leaders used the bogeyman of terrorism to encroach on individual rights, fund almost every conceivable domestic-security boondoggle, and advance the self-interested agendas of the defense and surveillance
industries.
Apart from electric-power generation, coal also has wide application in a number of
industries.
This contrasts sharply with the approach of their global peers like Norway’s Norges Bank, which in recent years has fought poorly governed firms and divested from polluting
industries
like coal.
But that growth, based mainly on commodity exports and extractive industries, has demonstrated a limited capacity to drive socioeconomic transformation, not least because most of its benefits have accrued to a small share of the population.
Driverless cars and pilotless planes will soon transform many
industries.
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