Industries
in sentence
1758 examples of Industries in a sentence
The EU is inimical to projects such as the NHS and nationalized
industries
(though it was the British nation-state, under Prime Minister Margaret Thatcher, that gave the EU its neoliberal cast).
As my colleagues and I recently argued, one way to understand this is to think of
industries
as stitching together complementary bits of knowhow, just as words are made by putting together letters.
Likewise, the more bits of knowhow that are available, the more
industries
can be supported and the greater their complexity can be.
Cities are the places where people that have specialized in different areas congregate, allowing
industries
to combine their knowhow.
Rich cities are characterized by a more diverse set of skills that support a more diverse and complex set of
industries
– and thus provide more job opportunities to the different specialists.
They evolve from supporting a few simple
industries
to sustaining an increasingly diverse set of more complex
industries.
The challenge is not to pick a few winners among the existing industries, but rather to facilitate the emergence of more winners by broadening the business ecosystem and enabling it to nurture new activities.
Instead, they should worry about being a node in many different value chains, which requires finding other
industries
that can use their existing capabilities if they were somehow expanded and adjusted to new needs.
Competition inevitably tends to winnow out the less efficient firms and
industries.
While traditional service
industries
are able to provide jobs, they do not generate much income.
What steady-state advocates forget is that stagnating or declining incomes would heighten resistance to higher taxes on fossil fuels and delay investment in green technologies (and thus the transition to new
industries
and the creation of better jobs).
While East Asian countries like South Korea used such policies to enable selected
industries
to compete on a global scale, Latin American and Caribbean countries rarely got it right.
Beneficiation forces extractive
industries
to sell locally below their export price, thus operating as an implicit tax that serves to subsidize downstream activities.
In principle, efficient taxation of extractive
industries
should enable societies to maximize the benefits of nature’s bounty.
But there is no reason to use the capacity to tax to favor downstream
industries.
This is an implicit subsidy to the
industries
that use oil and gas intensively and may attract some inward foreign investment.
It could promote its
industries
through high tariffs, explicit subsidies, domestic content requirements on foreign firms, investment incentives, and many other forms of industrial policy.
But, whereas 80% of the American labor force was employed in service
industries
in 2012, only 36% of China’s workers worked in the sector.
Beyond keeping interest rates below market levels, the government offered the automobile, machinery, and steel industries, among others, preferential access to cheap credit, favorable tax treatment, and public investment support.
Europe needs to curb subsidies for old and dying industries, and to invest the money saved in future-oriented sectors.
India’s high-tech
industries
were to a large extent created by returning migrants and are deeply connected to the diaspora.
While Trump’s desire to prop up politically important
industries
and reduce the US current-account deficit has certainly played a role in his trade policy, it is clear that his main target is the WTO and the multilateralism that it represents.
It does not want to see its
industries
outdated and uncompetitive.
When many people think about the engines driving that growth, they imagine commodities like oil, gold, and cocoa, or maybe
industries
like banking and telecommunications.
In addition, major polluting
industries
are enthusiastic about Pruitt.
This, on its own, is already posing a challenge to the competitiveness of some domestic
industries.
Additional short-term capital inflows, accompanied by calls for protection of domestic industries, could easily turn “currency wars” into “trade wars” – a risk that could be compounded if the Doha Development Round ultimately fails.
If capital controls do not work, governments may feel tempted to provide protection to “their” domestic
industries
by imposing trade restrictions.
So, Trump has essentially proposed a new tax on US consumers and export industries, the costs of which will be borne largely by his own supporters in the American heartland and Rust Belt.
He has to know that Trump’s tariffs will have little to no chance of boosting the US steel and aluminum
industries
without also imposing substantial costs on the economy.
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