Innovation
in sentence
3014 examples of Innovation in a sentence
This is where
innovation
in the measurement of governmental and philanthropic performance is making a big difference.
Innovation
to reduce the delivery bottleneck is critical.
It funds
innovation
in the creation of new tools and services, and in their delivery.
From time to time, we should step back and celebrate the achievements that come with having the right goals, the necessary political will, generous aid, and
innovation
in tools and their delivery.
Concerns about overprotection of intellectual property acting as a barrier to
innovation
and its diffusion are not new.
Patent rules, for example, reflect the long-held assumption that strong protection provides an essential incentive for businesses to pursue
innovation.
In fact, recent studies by Petra Moser and Heidi Williams, among others, find little evidence that patents boost
innovation.
On the contrary, because they lock in incumbents’ advantages and drive up the costs of new technology, such protections are associated with less new or follow-on innovation, weaker diffusion, and increased market concentration.
What is really needed is a top-to-bottom reexamination of the system, with an eye to changing excessively broad or stringent protections, aligning the rules with current realities, and enabling competition to drive
innovation
and technological diffusion.
If the system’s defenders truly seek to promote innovation, they should welcome it in their own backyard.
Patents, however, are not the only important element of the
innovation
ecosystem.
Governments also promote
innovation
through direct funding of research and development and through fiscal incentives.
More broadly, in an increasingly knowledge-intensive economy, public policy should seek to democratize innovation, in order to boost the creation and dissemination of new ideas and promote healthy competition.
Technological advances and
innovation
have begun to turn the longstanding dream of energy independence into a reality.
If we use as our guide average material progress over the course of centuries, it might seem that necessity will again serve as the mother of invention, and that we will meet the population challenge, just as we have met previous challenges, through technological and institutional
innovation.
We are already seeing extraordinary
innovation
by the private sector, which will drive the transition towards a low-carbon global economy.
For all its recent woes (which many countries would gladly exchange for their own), the US remains a dynamo of industry and innovation, and may be emerging as an energy powerhouse as well.
For example, investment in human capital enables innovation, the products of which create demand and, in turn, economic growth.
For China, the supply side should be driven more by
innovation
and creation, rather than by increasing inputs.
There are more than a half-billion mobile connections on the continent today; indeed, in many respects, Africa leads the world in mobile growth and
innovation.
Supporting
innovation
and entrepreneurship can also help power change.
Such institutional reforms would go a long way toward eliminating default (or bailout) risk and creating a market-oriented financial system of balanced incentives that supports growth and
innovation.
Bank regulators are starting to take these issues more seriously – an encouraging change from the 1990s and early 2000s, when the Fed was among the cheerleaders for unfettered financial innovation, without adequate consideration for systemic risk.
Here is another way of looking at the Apple problem: If Apple continues to succeed, won’t it generate the cash that it needs for
innovation
from its super-products, like the iPad, the iPhone, and the MacBook?
The “new classical economics,” as it became known, taught that, in the absence of egregious government interference, economies would gravitate naturally to full employment, greater innovation, and higher growth rates.
Such market optimism led to de-regulation of financial markets in the 1980’s and 1990’s, and the subsequent explosion of financial
innovation
which made it “safe” to borrow larger and larger sums of money on the back of predictably rising assets.
She was wrong: the complexity of modern science does not allow anyone, least of all bureaucrats, to predict where
innovation
will emerge.
Some argue that the higher prices reflect the fact that the US bears a cost premium for
innovation.
But in many cases – Turing’s decision is just one egregious example – higher prices do not reflect investments in
innovation.
Even so, some simple steps can be taken to prevent price gouging, while maintaining incentives for
innovation.
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