The defense acquisition system thus diminishes economies of scale and isolates military products from the mainstream of industrial innovation, largely precluding cross-fertilization between the defense and commercial sectors.
David Landes's grand backward look at the world explains its development not just through concepts like property rights and industrial innovation, but also through inventions like the plough, the windmill and eyeglasses.
But now the commission says the money should be spent on much hazier causes such as improving competitiveness, stimulating industrial innovation, creating sustainable economic development and equalising economic opportunities for men and women.
Mr Allen also noticed that the government was offering subsidies to set up regional industrial-innovation centres.
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However, as the economy reaches the high middle-income level, unleashing innovation and industrial upgrading is becoming key to sustainable growth.
The industrial structure that fosters productive innovation best is oligopoly, argues Mr Baumol.
Automotive, consumer, and retail, and industrial products are strong on innovation also.
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If only politicians in Washington could get their act together and come up with a serious industrial policy, America could get its innovation mojo back, right?
The City has identified 15 innovation zones in key commercial and industrial corridors, and will work with the private sector to leverage the existing infrastructure and assets to ensure low-cost broadband is available in these zones with the ultimate goal of extension to all businesses in the City.
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One financial innovation that ProLogis pioneered and that other industrial REITs are copying is to bring in equity partners to bolster their finances.
Modern industrial societies have proved that--with willpower, innovation and capital--they are good at mitigating local and regional pollution.
Detroit is now home to an outpost of TechShop, the Silicon Valley innovation incubator where people of all skill levels can use industrial tools and equipment to build their own products.
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As we all recognize, the Industrial Age made us smarter, wiser and faster, giving us the manufacturing innovation required for mass production, global domination and profit.
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Each member has a strong commitment in investing in future technologies and working collaboratively by combining the best of industrial research with the deep knowledge of the energy and utilities industry that drive innovation across the market.
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Without knowing it, this man of the industrial revolution spent part of his legacy establishing a center for what would become the Age of Innovation.
Result: Financial innovation continued in Britain, enabling it not only to become the world's foremost industrial power but also to create and then tap its citizens' savings to fight--ultimately, successfully--its perennial wars against far larger and more powerful France.
The grounding of the 787 fleet illustrates not the flaws in Boeing's industrial culture -- a rush to bring the airliner to market, a degree of over-innovation or a desire to please shareholders by outsourcing too much design and production -- but the rigor of a regulatory regime with a zero tolerance of any mote of imperfection.
This country needs an industrial strategy to set it back on the path to economic growth by capitalising on our greatest strength: innovation.
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