Innovation
in sentence
3014 examples of Innovation in a sentence
His election victory relied heavily on his plans to reform the labor market and to promote work and
innovation.
Indeed, many potential solutions stem from opportunities for
innovation
created by the physical concentration of people and economic activity.
But such
innovation
does not always begin at home, which is why city governments need to know about potentially applicable ideas and lessons from other cities and countries.
While
innovation
sometimes comes from brilliant individuals – 21 of Britain’s Nobel prizewinners were refugees – it generally comes from the synergy of talented people in close proximity.
Eliminating accelerated depreciation for equipment would raise the effective tax rate on new investments; repealing the domestic-production deduction would increase the effective tax rate on US manufacturing; and rescinding the R&D tax credit would reduce investment in
innovation.
Those on the right argue for more market-based
innovation
to create wealth, while those on the left argue for more state intervention.
In order to ensure long-term social stability, China must promote inclusive wealth creation, for example, by establishing strong incentives for
innovation.
The last big surge of
innovation
was the Internet revolution, whose products came onstream in the 1990’s.
Investment growth had depended on population growth, technological innovation, and westward expansion.
With the closing of the frontier and static populations, growth would depend on innovation; but future
innovation
would require smaller inputs of capital and labor than in the past.
The payoffs are seen in soaring employment, a decade-long stock market boom, and rapid rates of
innovation
and productivity improvements.
This innovation, which was dependent on high-security paper-making and printing techniques, transformed the twentieth century.
And, as the SDGs recognize, resilient infrastructure and incentives for
innovation
are also crucial.
Both of these networks offer a global platform for local practitioners to devise solutions and drive
innovation.
The Internet, possibly the most significant
innovation
of our time, grew out of a Defense Department project initiated in 1969.
Given its risks and the gap between its social and private benefits,
innovation
requires rents – returns above what competitive markets provide.
But in the long term, sustaining it will require far-sighted public policies and investments in hard and soft infrastructure to support the private sector’s high capacity for
innovation.
But this crisis of
innovation
is also affecting the biotechnology firms upon which the large pharmaceutical companies now rely as the pipeline for developing new drugs.
Another approach to solving problems of
innovation
– adopted by the computer software industry, for example – is pre-competitive openness and collaboration.
This has led to an increase in pre-competitive and other forms of collaboration to access external
innovation
and tackle the bottlenecks in drug discovery and development.
They will facilitate interactions across their network to stimulate the development of
innovation
ecosystems.
By doing this the pharmaceutical industry might not become open source, but will become more open for
innovation.
If decentralization and risk taking are part of a company’s mission,
innovation
in products and processes is certain to take place.
In the case of the environment, command-and-control regulation is inefficient, discourages innovation, and can have unintended consequences (like Europe’s growing reliance on coal).
In the case of health care, a national monopoly can forestall
innovation
and provide inadequate care with long waits.
In my recent book Demystifying the Chinese Economy, I argue that, for any country at any time, the foundation for sustained growth is technological
innovation.
Prior to the Industrial Revolution, craftsmen and farmers were the main source of
innovation.
With the largest population in the world, China was a leader in technological
innovation
and economic development throughout most of its history because it had a large pool of craftsmen and farmers.
The Industrial Revolution accelerated the pace of Western progress by replacing experience-based technological
innovation
with controlled experiments conducted by scientists and engineers in laboratories.
Entitled “Post-Partisan Power,” the report comprehensively and convincingly argues that the US government should invest roughly $25 billion per year (about 0.2% of America’s GDP) in low-carbon military procurement, R&D, and a new network of university-private sector
innovation
hubs to create an “energy revolution.”
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