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Specialization in sentence

101 examples of Specialization in a sentence

This division remains particularly acute in economic and social policy, though it also extends to other areas, like education policy (for example, extended education versus early specialization).
Secondly, frictional losses in the short term often obscure the fact that, in the long term, inputs from cheap suppliers may help secure jobs in the West, and that greater specialization increases exports as well as imports and offers gains in wealth for both trading partners.
Prompted by capital flows to low-wage countries, specialization, outsourcing, and even immigration, the equilibrium price of unskilled labor has fallen throughout the western countries.
Ideas drawn from trade theory – such as specialization and comparative advantage – were used to explain why in the developed world men tended to work outside of the home and women within it.
It is better to allow specialization, and build effective social safety nets and support systems to protect people and families during economic transitions.
Policymakers must encourage greater specialization; differentiated goods and services will add value and volume to trade.
It means that the benefits of openness and specialization are being squandered.
If the EU’s defense and security policy is to be strong, global, and effective, it is imperative to take advantage of both the specialization and pooling of member states’ technology and resources.
I would argue that three factors largely explain our collective failure: specialization, the difficulty of forecasting, and the disengagement of much of the profession from the real world.
A favorable assessment cannot rest on the fact that the overall German value-added in exports has been growing because this is simply an effect of the German specialization in export-related production.
Simply put, there is such a thing as excessive specialization.
To assess whether excessive specialization has occurred in Germany, we must focus on the labor market, for it is here that the effect of specialization is most visible.
Making its cities more competitive will require India to decide whether to emphasize specialization (with an industry concentrated in a particular city) or diversification (with each city home to a range of industries, roughly in line with the national average).
In 1991, around the time India’s economic liberalization began, the country’s cities tended toward specialization.
But, in recent years, there has been a notable shift toward diversification, with some major urban centers, like Mumbai and Bangalore, experiencing the largest and fastest shifts away from specialization.
Specialization tends to be much higher in traditional industries than in modern industries.
Though some modern industries – like office accounting and computing machinery, and radio, television, and communication equipment – tend to be located in more specialized districts, roughly three-quarters of Indian districts with higher specialization levels rely on traditional industries.
Though India’s specialization levels were much higher than those in the United States in the early 1990s, the two countries have converged over time.
The classic argument for free trade holds that specialization and exchange benefits everyone, because goods are produced where they are produced best.
Investments made through the Cohesion Fund promote regional development, support innovation, improve education, and expand digitalization and transport networks, and sustain programs that improve the single market by boosting growth, productivity, and specialization.
As a result, a market economy encourages specialization: We become very good in a narrow set of skills or products, and exchange them for millions of other things we have no clue how to do or make.
But specialization at the individual level actually leads to diversification at a higher level.
Specialization of doctors leads to diversification of hospital services.
The scale at which specialization of individuals leads to diversification is the city.
Proponents of free trade have always celebrated the growth of international commerce because they regard it as a sign that countries are capitalizing on their comparative advantages through specialization, which implies increased efficiency overall.
They are also making the celebrated firm of the industrial age – an essential institution, which allowed for specialization and saved on transactions costs – redundant.
Higher energy costs (owing to increases in both excise taxes and electricity rates), credit bottlenecks, specialization in stagnant export markets, and generalized policy uncertainty all seem to have played a role.
But with increased international trade and specialization, the cost of domestically produced goods – such as cars – relative to imports became too high for consumers to bear.
Margaret Thatcher was the first to realize that Britain’s specialization in services – not only finance, but also law, accountancy, media, architecture, pharmaceutical research and so on – makes membership in the EU single market critical.
Throughout China’s three-decade rise from poverty to economic juggernaut, trade within East Asia has grown even faster than the region’s trade with the rest of the world, suggesting deeper specialization and integration.
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