Innovation
in sentence
3014 examples of Innovation in a sentence
Proponents argue that more TLDs would foster
innovation.
But the real
innovation
has been in companies such as Facebook, LinkedIn, Twitter, and Foursquare, which are creating their own new namespaces rather than hijacking the DNS.
– who agree with the optimists about the scale and scope of
innovation
but fret about the adverse implications for employment or equity.
What distinguishes these perspectives from one another is not so much disagreement about the rate of technological
innovation.
After all, who can seriously doubt that
innovation
is progressing rapidly?
The consequences of any
innovation
for productivity, employment, and equity ultimately depend on how quickly it diffuses through labor and product markets.
Technological
innovation
has had comparatively little impact to date in many of these sectors.
The economist Tyler Cowen has suggested that developing countries may benefit from the trickle-down of
innovation
from the advanced economies: they can consume a stream of new products at cheap prices.
In Latin America, economy-wide productivity has stagnated despite significant
innovation
in the best-managed firms and vanguard sectors.
The apparent paradox is resolved by noting that rapid productivity growth in the pockets of
innovation
has been undone by workers moving from the more productive to the less productive parts of the economy – a phenomenon that my co-authors and I have called “growth-reducing structural change.”
Ultimately, it is the economy-wide productivity consequences of technological innovation, not
innovation
per se, that lifts living standards.
Innovation
can co-exist side-by-side with low productivity (conversely, productivity growth is sometimes possible in the absence of innovation, when resources move to the more productive sectors).
But reform should now work with the grain of efforts to bolster demand – for example, unleashing the silver economy, fostering digital education and innovation, and unlocking urban land markets to pave the way for much-needed investment in housing.
If he were referring to corporate values such as honesty, innovation, voluntary exchange, and the wisdom of the marketplace, he would be right.
The problem is that it is no more than a workshop: lack of
innovation
and creation form the economy’s Achilles’ heel.
In an era of rapid technological progress, creativity, and innovation, the global economic landscape can change rapidly.
Without a strong capacity for
innovation
and creativity, even a giant has feet of clay.
Enhancing America’s soft power, safeguarding its supremacy as a hub of unparalleled innovation, upgrading its decaying infrastructure and faltering educational system, and ridding itself of its addiction to foreign credit might do more to secure America’s global leadership than the most successful of wars.
In their book Why Nations Fail, Daron Acemoglu and James A. Robinson argue that societies with political arrangements that concentrate power in the hands of a few seldom excel at
innovation
and growth, because innovators have no guarantee they will keep the fruits of their labors.
If done right, the TPP could help Mexico, Peru, and Chile – the accord’s Latin American members – make the leap to high-productivity exports based on
innovation.
But that would require the TPP to foster, not impede, the flow of knowledge around the Pacific Rim.Regrettably, the United States is insisting on a series of intellectual-property provisions that serve the interests of US-based firms, but do little to create a sound environment for
innovation
elsewhere.
Musical innovation, he wrote in The Republic, and especially exciting new sounds, were a danger to the polis.
Some government- and foundation-funded research addresses diseases that primarily affect poor people, but these efforts are not systematic and do not use the incentives that work well to drive pharmaceutical
innovation
elsewhere.
Our work at the OECD shows that migration, if well managed, can spur growth and
innovation.
Simply put, product development takes a back seat in
innovation
strategy because the financial link between ideation and commercialization is broken.
If we want to reverse these trends and maximize
innovation
output, we need more mechanisms for funding the commercialization of smart ideas.
And, given the stellar valuations of some startups, it’s easy to assume that a healthy ecosystem of savvy companies and venture capital funding is all that is needed to ensure
innovation.
But most companies are simply unable to take good ideas to market, because they lack access to pools of capital earmarked for
innovation.
Clearly, current funding models stifle product-specific
innovation
and investment, and all but freeze out SMEs.
Companies with proven track records, technical skills, experienced management teams, and established sales channels are sources of
innovation
that no country can afford to squander.
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