Innovations
in sentence
759 examples of Innovations in a sentence
Indeed, he suggests that today’s technological
innovations
pale in significance compared to earlier advances like electricity, running water, the internal combustion engine, and other breakthroughs that are now more than a century old.
Since many of the best ideas and
innovations
come from small companies rather than large, established firms, the ongoing credit contraction will inevitably have long-term growth costs.
Technological
innovations
are not only reducing the number of routine jobs, but also causing changes in global supply chains and networks that result in the relocation of routine jobs – and, increasingly, non-routine jobs at multiple skill levels – in the tradable sector of many economies.
Similarly, manufacturing can expand to restore inventories depleted by over-contraction of output, while random shocks such as major
innovations
or harvest variations may have an asymmetric effect in a recession, with upward shocks in some sectors having a greater impact than the downward shocks in others.
One key reason is that the technological
innovations
that destroy some existing jobs also create new ones.
Shortages of the technical and higher-level skills demanded by new technologies are partly responsible for the paradox of booming technology and slowing productivity growth in advanced economies: skills shortages have constrained the diffusion of
innovations.
This will demand
innovations
in the content, delivery, and financing of training, as well as new models for public-private partnerships.
Xiaomi, the Chinese smartphone company, conducts direct online polling of consumers to find out what
innovations
they would like to see.
Technological
innovations
make whatever is produced primarily by machines more useful, albeit with relatively fewer contributions from unskilled labor.
“There are a lot of surprising
innovations
coming from South Africa,” says David Kaplan, an economist at the University of Cape Town who specializes in tracking technological change.
Yet
innovations
frequently face high barriers to implementation, with governments sometimes banning new technologies outright – even those that could bring far-reaching benefits.
But if we recognize these losses and address them head-on, we can avoid a backlash against potentially beneficial technological innovations, including advances in robotics.
But a recent symposium at Oxford University concluded that emerging-market cities could improve and maintain urban health by capturing the inherent advantages of concentration, coordinating health policies and programs, adopting successful innovations, reforming health education and training, and developing improved planning processes.
But if basic research is neglected, attempts to produce quick
innovations
through applied research will be futile.
The consequences of the failure are already apparent: the price of emission rights in the European Union Emission Trading System has fallen, which means that firms will have less incentive to reduce emissions now and less incentive to invest in
innovations
that will reduce emissions in the future.
Contrary to popular prejudice, local governments and public agencies do innovate; what is missing is a mechanism to select and disseminate
innovations
in the same way the market selects new products or cost-saving processes.
As
innovations
in production have reduced the number of workers needed to generate a unit of output, the traditional correlation between output and employment has been severed.
According to the Chinese Academy of Social Sciences, Foshan is China’s most competitive prefecture-level city, and its eighth most competitive city overall, owing partly to institutional
innovations
by local governments at the township, district, and prefecture levels.
These
innovations
enabled Foshan to create markets that were largely defunct before 1979, while coping with rapid urbanization, industrialization, and globalization.
Ask a lay person to list the ten great
innovations
that drive our world today and you probably won’t find too many who mention the Black-Scholes formula for pricing options.
For example, while the benefits of many of the financial-engineering
innovations
of recent years are hard to prove, let alone quantify, the costs associated with them – both economic and social – are apparent and enormous.
Some poor countries -- those that adopt good economic policies and institutions -- enjoy more rapid, catch-up growth: because they are short of their potential, their per capita incomes can increase not only because of genuine innovations, but also because they utilize their economic potential better.
For example, Apple’s iPhone and Boeing’s latest airplane rely heavily on Japanese-patented
innovations.
This contrast can also point us to the ways Europe’s governments should amend their rules, encouraging entrepreneurs to develop cutting-edge business models at home rather than being forced to accept
innovations
only after they have become best practices abroad.
With the public sector unlikely to be able to absorb these new workers, there is an urgent need to create a dynamic private sector that not only adopts, but also generates technological
innovations
that empower workers and deliver durable and inclusive growth.
When it comes to technology, especially digital technology, China and the United States seem set to dominate for years to come, as they continue to fund basic research, reaping major benefits when
innovations
are commercialized.
As people pursue new directions in business, science, and the arts, they develop
innovations
and improvements that drive the economy forward.
But patents work poorly when an invention depends on many small sequential
innovations.
Since the 1980s, IT
innovations
have largely been software-based, giving young innovators an advantage.
Additionally, “proof of concept” studies are typically inexpensive for software
innovations
(except in pharmaceuticals); with modest capital, IT innovators can test ideas without surrendering a major share of their stock.
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