Innovation
in sentence
3014 examples of Innovation in a sentence
In an ideal world, major tech companies would recognize and adjust to their changing role in step with external actors, including governments and consumers, thereby striking the right balance between innovation, consumer benefits and protection, and national security.
Loyal chief executives of Russia’s big state companies enjoy long tenures, regardless of whether they meet ordinary standards of efficiency, profit, or
innovation.
Given entrepreneurship’s potential to drive
innovation
and GDP growth, supporting such efforts is in everyone’s interest.
Apprenticeships could not only help to boost human capital, lower unemployment, and increase labor productivity; they could also help to fuel the
innovation
and entrepreneurial spirit that ultimately drive economic growth and development.
Its
innovation
gave rise to a huge number of new and dynamic companies, forcing IBM to reinvent itself completely in order to compete with them – just one example of the socially transformative effects of the PC.
Nor would
innovation
by one company help.
A more strategic approach would focus on boosting growth throughout the EU, such as by meeting the Europe 2020 targets for research, development, and innovation, and advancing the Transatlantic Trade and Investment Partnership.
Last August, the US Trade Representative launched Section 301 investigations against China in three broad areas: intellectual property rights, innovation, and technology development.
As member states advance along this path, propelled forward by technological and operational excellence and innovation, they will find avenues to eliminate unnecessary spending and optimize resource use.
Advances in the defense industry lead to significant positive externalities, such as civil-military synergies and investment in research and development, which is fundamental to growth, innovation, and future competitiveness.
But how can the benefits of a global patent system that provides incentives for
innovation
and new discoveries be combined with an assurance that poor people gain access to the medical care that they desperately need?
If politicians cave in here – say, by eliminating patent protection, imposing price controls, or allowing re-import of drugs from poor countries –
innovation
for new drugs will stall.
But the often-heard justification for this assumption – that humanity is rapidly depleting these scarce resources – is inconsistent with real-world events, as
innovation
has effectively expanded oil, gas, and coal reserves to unprecedented levels in recent years.
Moreover, technological
innovation
must be enthusiastically embraced, or the “best and brightest” workers will flock to foreign competitors.
On the assumption that China is a strategic enemy of the US, it is imperative that the American people embrace technological
innovation
to win the race for world leadership.
Aghion and Howitt view
innovation
as any change that leads to the introduction of new products or processes in the market where a firm operates.
Countries far from the world technology frontier are better off imitating existing technologies and adapting them to local conditions, but over time such countries must improve their capacity for
innovation.
Studies have also shown a positive link between
innovation
and social mobility, and even between
innovation
and income inequality.
But fostering
innovation
is not a silver bullet.
While providing returns to innovators can help to spur more innovation, it can also allow businesspeople to capture too large a share of the transformation process.
As the country attempts to create the conditions for greater genuine innovation, it must also address myriad short-term challenges.
Egypt’s government has the ability to create a favorable and inclusive environment for growth, innovation, and entrepreneurial change.
Of course, if America’s strong patent regime were, as its proponents claim, the best way to foster
innovation
in the pharmaceutical industry, the Obama administration’s policy toward India could perhaps be justified.
But perhaps some solace can be gained from the fact that technological
innovation
will also play a key role in reducing the negative impacts on air and water quality.
The gains from financial
innovation
are too large for more heavy-handed intervention.
They are less convinced that recent financial
innovation
has created large gains (except for the finance industry itself), and they doubt that prudential regulation can ever be sufficiently effective.
Whether one agrees with the enthusiasts or the skeptics depends on one’s views about the net benefits of financial
innovation.
Returning to the example of drugs, the question is whether one believes that financial
innovation
is like aspirin, which generates huge benefits at low risk, or methamphetamine, which stimulates euphoria, followed by a dangerous crash.
Owing to a lack of therapeutic
innovation
since then, poor living conditions, and widespread poverty, millions of people around the world are still being deprived of their right to live free of TB.
To fuel
innovation
and new discoveries, we urgently need more partnerships between governments, businesses (particularly drug makers), and civil-society organizations.
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