Innovation
in sentence
3014 examples of Innovation in a sentence
To advance this effort, China’s leaders are engaging the private sector, which, as Vice Premier Liu He recently acknowledged, accounts for more than 50% of tax revenues, 60% of GDP, 70% of technological innovation, 80% of urban employment, and 90% of new jobs and companies.
First, deficit reduction must occur in a way that expands investment in science, technology, innovation, and education.
Agreement is also needed that each country’s multi-year deficit-reduction plan will be accompanied by acceleration of consumer spending in the East and of targeted investment in education and
innovation
in the West.
But the real sources of American workers’ economic pain are technological
innovation
and tax-and-spend policies that favor the rich.
Yet estimates of indigenous
innovation
in China and the G7 countries show that China already ranked fourth in the 1990s; and in the next decade, when the UK and Canada fell back, China moved up to second place – not very far behind the US.
The fact is that there is much less
innovation
coming out of America than there once was – and hardly any coming out of Europe.
So China could become a major source of
innovation
for the global economy, equaling or exceeding America.
They can do so by adopting international rules to manage openness and interdependency; establishing stronger social safety nets; investing in innovation, education and skills-training, and infrastructure; and creating a more conducive regulatory environment for businesses and entrepreneurs to foster stronger and more inclusive growth.
Given Germany’s relative economic strength, it has a special responsibility to help foster investment throughout Europe, including by promoting European-level reforms of transport and energy, supporting incentives for innovation, and backing digital modernization.
With the developing world relying almost totally on
innovation
from the rich countries, many of the most pressing problems that are unique to poorer countries remain neglected by the world's scientists and leading high-technology industries.
Rising inequality is redistributing income to those with a high propensity to save (the rich and corporations), and is exacerbated by capital-intensive, labor-saving technological
innovation.
In view of these systemic weaknesses, China’s ability to overcome its labor deficit by shifting to an innovation- and productivity-driven economy remains dubious.
A bold
innovation
suddenly lowers entry barriers for certain activities.
Most consequentially, an emerging cohort of technology entrepreneurs understand the power of online/social media
innovation
to disrupt components of traditional finance, and are now leading efforts that include behavioral scientists and finance experts.
Looking ahead, we should expect the underlying forces of
innovation
to remain strong.
Anyone who doubts that should recall how last decade’s securitization boom and bust – another example of a disruptive financial
innovation
that was over-produced and over-consumed – contributed to a credit and liquidity crisis that pushed the global economy to the verge of Great Depression II.
But at the same time, the government will need to remove hurdles that stand in the way of investment and
innovation
in certain higher-skill sectors, especially in the digital economy.
A more effective approach would entail collective action to improve standards, expand public education, promote
innovation
in science and technology, and enforce rules more effectively.
Another of Asia’s relative weaknesses comes from its poor record on innovation, a fundamental building block of prolonged economic dynamism.
Asia’s lagging capacity for
innovation
is probably rooted in its rote education: Asian students, when they have the opportunity, flock to North American and European universities.
Costs are falling – and are likely to fall even further as
innovation
accelerates and global energy demand continues to rise.
We get richer because we figure out how to maintain or increase output with fewer employees, and because
innovation
creates new products and services.
But it also creates safety valves, alternative forums, bases of comparison, sources of new ideas, and potential arenas for
innovation.
How will
innovation
occur?
And in the lead up to the World Humanitarian Summit in Istanbul in May, private companies have already begun to mobilize resources and harness their capabilities in the service of
innovation.
On the contrary, we need the private sector to regain its sense of enterprise,
innovation
and vigour; we need to be careful of regulating so as to squeeze the availability of credit; and we should certainly avoid protectionism.
Similarly, Belgium’s Flanders region and Scandinavia show how governments can use their procurement activities more intelligently, orienting private-sector research and development toward technological
innovation.
Integration into the global economy, a crucial source of capital, stability, and innovation, has become a threat to many of these countries.
Big Tech Meets Big GovernmentSINGAPORE – Impressive quarterly results from the biggest technology companies show that they are nowhere near saturating their consumer markets, exhausting their
innovation
cycles, or reaching growth maturation.
That means building more comprehensive and integrated business models, informed by experienced talent with expertise in a broader array of areas, in order to move beyond these companies’ laser focus on
innovation.
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