Innovation
in sentence
3014 examples of Innovation in a sentence
According to Medvedev, the only solution is to empower private initiative and
innovation.
This shortsightedness is a grave mistake that impedes
innovation
and progress.
They, too, are deeply concerned about the scourge of low-quality and fake drugs, but they are reluctant to rely on local
innovation.
For developing-country leaders, the effort needed to create an ecosystem that supports
innovation
simply appears too great, and the return on investment too little.
Research and innovation, or engagement with local entrepreneurs and inventors, is, unfortunately, never on the agenda.
Not only does this approach fail to nurture local ecosystems of innovation, which is deeply frustrating; it also fails – repeatedly – to solve the problem at hand.
Local curricula do not focus on local challenges or promote local
innovation.
Indeed, by nurturing an inclusive culture of research, local
innovation
has the potential to provide benefits that extend far beyond the specific problem that is being addressed.
Foreign organizations, such as aid agencies or pharmaceutical companies, do have a role to play in boosting local
innovation.
As the example of developing countries’ ongoing fight against counterfeit and low-quality medicines shows, success will depend – far more often than not – on local
innovation.
Another factor is that cities have increased in importance as hubs for
innovation
and creativity.
Until the nineteenth century,
innovation
was carried out mostly by generalists and tinkerers, which meant that the accumulation of new knowledge was slow, but that its diffusion across different fields was rapid.
But recent studies have shown that this source of
innovation
is rapidly decelerating (the productivity of an American research worker may now be less than 15% of a similar researcher in 1950).
Instead,
innovation
is increasingly based on mixing and matching knowledge from different specializations.
Yet its strategy will succeed only if China capitulates on the core principles of the growth strategy that frames President Xi Jinping’s great power aspirations: indigenous innovation, technological and military supremacy, and pan-regional leadership.
Technological innovation, either homegrown or imported, typically helps.
In fact, the US could do well as a source of
innovation
and new products, selling to a larger global market.
We also believe in adopting a holistic approach, one that includes securing financial commitments, promoting research and
innovation
through infrastructure development, and regularly convening global champions to maintain momentum and share ideas.
After all, this minority is one of thinkers – musicians, artists, and writers, and those who move forward Russian science, technology, and economic
innovation.
Such people cannot be dismissed as useless, since we need the
innovation
that they deliver, even if we think Russia doesn’t need democracy.
Unfettered
innovation
and entrepreneurship are necessary for connecting the poor to the formal financial system; but, from a policy and development perspective, we need to shift our efforts toward improving the larger ecosystem to realize new fintech products’ full potential.
Yet there are reasons to fear that there will be such a decline: slower growth means fewer competitive pressures for heightened efficiency; diminished risk tolerance means a lower appetite for
innovation
and experimentation; and nominal interest rates pinned at the zero lower bound means that society’s savings cannot be used effectively.
All of these advances ostensibly should have boosted productivity; and yet, in the United States, a world leader in technological innovation, business-sector labor productivity growth in 2004-2014 averaged less than half the rate of the previous decade.
Perhaps, then, we must look at the other component of the paradox: technological
innovation.
But
innovation
is often embedded in capital and needs new investment to spread across economies.
Indeed, beyond this trio’s moral, social, and political implications lies a serious economic concern: instead of creating incentives for hard work and innovation, inequality begins to undermine economic dynamism, investment, employment, and prosperity.
A strong and dynamic US economy, reinvigorated by cheap shale gas and accelerating innovation, would rejuvenate the global economy as a whole.
And we should focus on investment in
innovation
to improve green energy.
Despite these hurdles, technological
innovation
should help Chinese producers realize productivity gains and deliver savings to consumers.
In July, the G20 Sustainability Action Plan embedded the Paris agreement in G20 policies and noted that more effective use of financing from multilateral development institutions is key to
innovation
and private investment in climate action.
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