Sectors
in sentence
2018 examples of Sectors in a sentence
It is a world in which economies are connected directly in the tradable sector of the global economy, and indirectly through the demand and employment linkages between the tradable and non-tradable
sectors
of individual economies.
The efficient integration of global supply chains has created employment opportunities in developing countries and in the higher value-added
sectors
of advanced countries.
But it has also reduced employment options for a subset of middle-income people in the tradable
sectors
of advanced economies.
More recently, China began to apply the same approach to building a more innovative, knowledge-based economy – one in which the services sectors, together with domestic consumption, drive growth.
Moreover, at higher prices, the oil industry crowds out other export
sectors
that support open markets and a less aggressive foreign policy.
In addition, China’s leaders appear to be on the verge of approving 12 new regional free-trade zones, which will drive competition and efficiency on a new scale in many economic
sectors.
The second, more profound challenge relates to the real economy: how to redeploy workers and capital from the industrial
sectors
facing overcapacity and the most overbuilt cities.
A recent study by the Credit Suisse Research Institute (CSRI) of 3,000 companies in diverse
sectors
and countries, however, yields a more depressing conclusion: women occupy only about 13% of top management positions (CEOs and people who report directly to them), on average, with even the highest rate, in North America, amounting to only 15%.
Unable to pay off its constituencies, disintegration looms, for the LDP has never been a party with entrenched grass-roots support, but instead operates as a machine of power and redistribution through a web of insiders across the country’s industrial sectors, occupational associations, and local communities.
Mexico is trapped by a dense network of rent-seekers and monopolies in
sectors
that are crucial for economic growth, including telecommunications, energy, transportation, and financial services.
Moreover, off-balance-sheet lending has helped to fuel over-investment in some
sectors
(especially infrastructure, iron and steel, energy, manufacturing, and real estate), leading to overcapacity and priming the economy for the emergence of bad-debt “disaster zones,” which would increase NPL ratios further.
Eliminating banking-sector risk will require decisive government action, including comprehensive financial reform and effective risk-management strategies for financial operations in core
sectors.
China’s credit tsunami is financing investment in steel and property,
sectors
already burdened by massive excess capacity.
Europe and Japan are in no position to take up the slack, and consumer
sectors
in the world’s major developing economies – especially China – lack the scale and dynamism to take over.
The G20 countries, which collectively account for most of the world’s population and resources, should lead by translating the SDGs into national policies, and by harnessing government budgets and their private
sectors
to drive implementation.
For example, as China moves from low-cost manufacturing to knowledge-intensive manufacturing, it will create space for low-income countries like Bangladesh and Vietnam to expand their manufacturing sectors, such as in textiles.
Global leaders should follow such examples and provide the needed investment and incentives to support innovation in both the public and private
sectors.
“I think two
sectors
holding back the economy are private investments and exports,” says the government’s chief economic adviser, Arvind Subramanian.
It has talented human resources, and some sectors, like the defense industry, can produce sophisticated products.
This contrasts sharply with Brazil’s success in developing innovative and globally competitive aerospace and agricultural
sectors.
One critical difference was the authorities’ emphasis on boosting R&D in these
sectors
before reducing the government’s direct role.
Many developing countries lack a corporate income tax: the huge profits of the telecom, cement, and other monopoly
sectors
escape taxation.
In the enterprise sector, the focus will need to be on increasing competition in all sectors, reducing barriers to entry and exit for private companies, and strengthening state-owned enterprises’ competitiveness.
Perhaps, or it may be that we are at an early stage of the Schumpeterian cycle of innovation (enriching a few) and destruction (creating anxiety in vulnerable sectors).
Corporate
sectors
in developing countries, having increased their leverage with capital inflows during the post-2008 period, are particularly vulnerable.
Brazil has spawned some world-class companies – for example, aircraft manufacturer Embraer – but most industrial
sectors
remain focused on the internal market and are not internationally competitive.
The Rousseff administration is also creating incentives (subsidies, directed credit, and even some new import tariffs) aimed at developing certain
sectors.
To support the SDGs, such data should be publicly available for all countries at high frequency – at least within one year for key targets, and in real time in
sectors
where service delivery is vital (health, education, and the like).
The stronger
sectors
(within countries and across them) will continue to recover, but not enough to pull up the global economy whole As a result, weaker
sectors
risk being surpassed at an ever-faster pace.
China, which channeled around one-third of its stimulus package into environmental sectors, has seen its GDP rise sharply, and employment in renewable energies such as solar has climbed to more than 1.5 million, with 300,000 workers added in 2009 alone.
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