The powerful industrial economies will need to get a move on or the doldrums are going to set in for a good deal longer.
First, however, those industrial giants will need to get past a nasty stretch with their most important export markets, the U.S., Europe and China.
"We need an industrial Olympics, with big schemes which can make a real difference, " he said.
But when asked about an economic agenda, most progressives trot out familiar lines about industrial policy and the need for more investment in everything from education to roads.
The rugged smart device was created for traditional auto-identification and data capture customers who want something sleeker and lighter than a typical AIDC industrial device, but need something tougher than a consumer-grade phone.
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You don't need that kind of industrial-strength hardware to build a home network, but you will need a piece of hardware called a residential gateway, which will do the same jobs.
Following a meeting with fire staff on Friday, Neath MP Peter Hain talked of the need to avoid industrial action if possible.
At every opportunity, the IMF, the World Bank and the poor countries themselves stress the need for the industrial economies to demonstrate their commitment to free trade by opening up markets and ending domestic subsidies, in particular to farmers.
So now Heseltine will carry out the diagnosis that any industrial policy would first of all need: a competitiveness audit.
China will need to build the industrial base that can employ the new graduates and provide promotion opportunities as they become more skilled.
"Companies with high exposure to defence markets, and with little exposure to the recovering commercial industrial and aerospace markets, will need to convince investors that they have viable survival plans, " he said.
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For instance, some of the job losses were traceable to steady increases in industrial productivity since 2001, eliminating the need for many workers.
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While China is going through an evolution of its industrial base, there is still the need to continue finding employment for its 700 million eligible workers.
The new security-industrial complex will grow, because we need it and because this economic juggernaut will take us down the now familiar tech curve of declining costs.
"We remain open to any discussions which will negate the need for staff to take industrial action but we will not compromise on providing patient services, " said Mr Briggs.
"We are a business that grew out of South Africa's desperate need for liquid fuels and industrial chemicals, " says Pieter Cox, an engineer for 32 years with Sasol and since 1997 the CEO at the sumptuous headquarters in a leafy north Johannesburg suburb.
"Hence, as greater investment from China, Saudi etc. leads to more industrial development, owners, investors and managers need to be agile and not waste days on what should be a three-hour flight, " he adds.
These companies often need to build factories and buy expensive industrial equipment to produce environment-friendly electricity, gasoline and other types of power.
China has built a very powerful manufacturing industrial machine that will get stronger because of the need to support the increase in internal demand for goods as well as the need to support the continued demands from other countries.
It underscored the need to have in place the technological and industrial capacity by which fixes could be implemented.
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Russian companies (which usually assume that the government will bail them out if need be) were starting to think about industrial insurance.
European leaders need to face the fact that "an industrial model that has worked very well to create wealth and growth has come to an end, " he said.
To what extent Leapfrog is a response to genuine market need, as opposed to a piece of industrial policy intended to keep the European garment-making industry alive in the face of competition from low-wage countries, is not yet clear.
And while there was a strong abolitionist movement in England, it was the Industrial Revolution, and its mechanization that did away with the need for vast amounts of cheap labor in the colonies, that eventually turned England against the slave trade.
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No longer does an industrial spy have to convince a person on the telephone of his need and right to know.
Industrial robots are getting better at assembly, but they are expensive and need human experts to set them up (who can cost more than the robot).
That should start with the wholesale dismantling of the vast military-industrial complex and the reallocation of its assets and personnel to meet the crushing need for consumer goods and services.
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Local food need not be organic, but buying direct from small farmers short-circuits industrial production and distribution systems in the same way that buying organic used to.
Furthermore, oil-dependent governments, facing a population boom and realizing that they need to diversify their economy to create jobs and wealth, are subsidizing the industrial sector to manufacture plastics, chemicals and aluminum, all energy-intensive goods.
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Policymakers need to think through how electronics is different from other parts of the military-industrial complex, and what combinations might be acceptable to the government customer.
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