Innovation
in sentence
3014 examples of Innovation in a sentence
But, most important, governments should use their funds to develop a bottom-up
innovation
ecosystem geared toward smart cities, similar to the one that is growing in the US.
The Review also proposed market-entry rewards to encourage
innovation.
Rather than acknowledge that high fuel prices are the best way to inspire energy conservation and innovation, the Bush administration has instituted huge subsidies to American farmers to grow grains for bio-fuel production.
Within two decades, however, a burst of social
innovation
replenished the stock of social capital.
Social
innovation
is the key to re-engaging and revitalizing communities, as well as revitalizing politics.
He could discern the looming industrial explosion of the 20th century, when a few major companies drove technical
innovation
and made electricity, chemistry, transport, communications, and computers key parts of everyday life.
It is not that politicians were “bought” in a simple sense; rather, they convinced themselves that financial
innovation
opened the gate to greater general prosperity, increased home ownership, and, of course, popular support in elections.
In this respect, the contemporary crisis is unlike the historical analogies, in that it looks as if financial
innovation
was driven by a set of intellectual and even technological innovations.
Evidence suggests that bias is endemic in nearly every scientific field, and that institutional discrimination is still crippling careers and impeding scientific
innovation.
They are also inherently rigid, risk-averse, and reluctant to innovate, because they know that if they deviate from the letter of the law, or if an
innovation
goes awry, they will be chastised politically.
More broadly, prize competitions to reward targeted
innovation
and crowd-source new ideas offer a highly cost-effective opportunity for government to leverage its scarce resources for important public goals.
Some state and local governments are experimenting with new “pay-for-performance” contracts – sometimes called social impact bonds (SIBs) – to promote social
innovation.
But our lack of knowledge itself confirms how far our regulatory and surveillance capabilities have fallen behind “financial innovation.”
Economists call this “hysteresis”: Long-term unemployment erodes workers’ skills and human capital; and, because
innovation
is embedded in new capital goods, low investment leads to permanently lower productivity growth.
But make no mistake: There is nothing normal or healthy about economic performance that is increasing inequality and, in many countries, leading to a populist backlash – both on the right and the left – against trade, globalization, migration, technological innovation, and market-oriented policies.
Instead, official encouragement of financial
innovation
fueled a sharp rise in the stock market, far beyond what China’s economic fundamentals merited.
They have the added benefit of generating what the economist Amar Bhidé calls venturesome consumption: demand-led entrepreneurship and
innovation.
The foreign population also provides a human-capital dividend to the local population, as talented expats introduce knowledge and
innovation
in sectors that the GCC wants to develop.
Greenspan left office in 2006, but the crisis that soon followed can be attributed in large part to the kind of financial
innovation
that he encouraged.
These included: technology development, discoveries and invention, private-sector innovation, a better investment climate, and democratic functioning, among many others.
As a result, research and development in genetic engineering is more expensive, discouraging investment and hampering
innovation.
Moreover, financial
innovation
and globalization allow markets to spread risk more effectively than ever before, placing it in the hands of those who can best manage it.
After all, the signal that such official behavior sends is one of a country going backwards – a stunting of
innovation
and growth.
But the conglomerates’ gluttonous business practices have suffocated small and medium-size firms, stifled innovation, undermined job creation, and left much of South Korea’s population in relative poverty, while catapulting their founding families to extreme wealth.
The request included funding for naval operations in Asia, a restocking of the military arsenal depleted in the fight against the Islamic State, and a commitment to technological
innovation.
Despite some important achievements, China relies on copying foreign inventions more than domestic
innovation
for its technological progress.
But what few observers – particularly economic analysts – seem to understand is that the Chinese leadership’s fight against liberalism and “Western values” is directly undermining its efforts to root out official corruption, promote
innovation
and entrepreneurship, and deepen engagement with the outside world.
Indeed, given that
innovation
is critical to China’s continued economic development – a point that Xi has repeatedly emphasized – a war against Western influence in Chinese education is downright irrational.
That is why many development experts favor “frugal innovation” over technology.
Its authoritarian political system stifles private enterprise and
innovation.
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