In every market--and at every step from suppliers of raw materials to consumers of finished goods--faster, cheaper communication lowers the cost of producingandconsuming.
He called for a "new partnership" between oil producingandconsuming nations, saying the "visionary internationalism" that had been displayed in dealing with the global banking crisis must be applied to the world's future energy challenges.
As a result, production the bioengineered chemicals, materials and living systems is limited by the time-consuming and resource-intensive processes involved in producing them.