Word: industriesâ
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...encouraged to try to dominate, or monopolize, whole new alternative-energy industries that come into being to compete with petroleum. In such esoteric fields as the direct conversion of sunlight into electricity and the extraction of gas from sea water and oil from coal, companies in other industries???electronics, mining, shipbuilding?have as much expertise as the oil industry and, in some cases, more...
...even those economists who insist on the importance of reducing federal spending make an exception for R. and D. outlays; their potential benefits far outweigh the costs. Several economists suggest that the Government put up matching funds to spur university research programs into ways to improve productivity of service industries???dry cleaners and restaurants, for example?in which most companies are too small to undertake any significant R. and D. That approach has enormously increased the productivity of farming...
...this bright picture. Unlike the U.S., the industrial nations of Europe never really recovered from the 1974-75 recession, in part because they avoided rapid-growth policies for fear of aggravating inflation. A consequence, as well as a continuing cause, of the sluggishness is the decline of three basic industries???steel, textiles and shipbuilding?that provide 4.3 million European jobs. Many companies in these ailing sectors have grown too unwieldy and inefficient to compete in a changing world. To survive, they must shrink, evolve and innovate. Says West German Economics Minister Count Otto Lambsdorff: "There is no reason for losing...
There is no parallel in the history of broadcasting?and few in any well-established industries???to ABC's sudden rise. It is as if, in the space of two years, Chrysler had surged past General Motors and sent Ford reeling back to Dearborn. Or ?to stretch the truth only a bit?as if China had discovered some mysterious, all-powerful Z-bomb and in victorious glee ordered both the White House and the Kremlin dismantled and shipped, boards and nails, to Peking...
...they would merely aim to identify the industries that should expand fast in order to avert shortages, and determine what incentives could help to produce the necessary investment. But that, too, raises a problem: If their plans were followed, tax credits and other incentives would be given to some industries???at the expense of others...