Growth industries are those, which benefit from new sources of dynamic industrial growth.

A distinction needs to be drawn between growth industries and livelihood industries.

Sustained growth requires devising incentives to encourage private sector investment in new industries and doing so with minimal corruption and adequate competence.

Developing countries seek to ensure the growth and development of content industries.

Moreover, wage flexibility meant that substantially slower wage growth in the states that lost industries helped to attract and retain other industries.

Excess capacity and falling growth are mutually reinforcing. Not only does excess capacity have a negative impact on growth perhaps more important, sharply declining growth also contributes to massive redundancy in some industries (especially resources and the heavy and chemical industries).

This will mean more investment in tradable industries, more employment overall, and faster growth.

That way, once constraints on new industries are removed, private firms in those industries quickly become competitive domestically and internationally.

Selecting innovative new firms, rather than established companies in traditional industries, is essential, not least because these are the firms that will provide most of the future employment growth.

When the textile and shoe industries in America s northeastern states died, workers moved to the West, where new industries were growing.

The shift toward embracing industrial policy is therefore a welcome acknowledgement of what sensible analysts of economic growth have always known developing new industries often requires a nudge from government.

Small business loans have been pivotal in creating not only new businesses, but whole new industries.

It can generate sustainable growth through industrialization, and by creating a single market. It needs to promote production and trade, expand agribusiness and agro industries, and create wealth and new jobs.

Outside the textile and garment industries, new CAD facilities have been introduced to the footwear industries in Egypt, Eritrea and the Russian Federation.

And Russia, despite a very well educated population, continues to be reliant on commodity industries for economic growth.

During the reporting period, economic indicators showed growth in the Territory's two main industries, tourism and the military.

For developing countries, Célestin Monga and I have recently developed an approach called the growth identification and facilitation framework that can help developing country governments increase the probability of success in supporting new industries.

Its phenomenal manufacturing prowess rests in large part on public assistance to new industries.

The same principle needs to apply to all government efforts to spawn new industries.

Asia s New Growth Model

China s New Growth Order

Likewise, in order to lay the foundations for future economic growth, the EU should nurture new, sustainable industries and innovative small and medium size enterprises not cut funding for important research programs like Horizon 2020.

(c) Controlling growth in the use of fuel and power by industries through increased energy end use efficiency slows growth in the emissions of climate damaging greenhouse gases.

Unemployed workers had to find jobs in new industries, which took more time and training.

New Green Drivers of Growth

The New Normal for Growth

Likewise, with key industries facing overproduction and slowing profit growth, firms deficits are growing and their debts are becoming increasingly risky.

Admittedly, the problem is worse in the government sector, where productivity growth is much slower even than in other service industries.

It is generally believed that in a high employment and high growth environment workers with accumulated knowledge and skills can usefully be deployed from declining industries to rising industries, leading to the optimal allocation of labour.

The rise of new economic powers with lower costs made employment loss in old industries like textiles, iron and steel, and shipbuilding inevitable. But Britain s signal failure was in not replacing these old nineteenth century industries with new twentieth century successors.

Growth in the New Climate Economy

Starting South Korea s New Growth Engines

In order to bolster economic growth and innovation amid conflict and volatility, policymakers and investors should focus on building the creative industries.

The industrial codes of the New Deal set ceilings on the workweek for specified industries and workers.

Resource industries indeed, resource based economies like Australia, Canada, Brazil, and Russia have become addicted to China s old strain of unsustainable hyper growth.

As a result, unemployed workers had to find jobs in new industries, which took more time and training.

Legal requirements that significantly increase the costs of hiring and firing labor discourage employment creation in new industries.

But Britain s signal failure was in not replacing these old nineteenth century industries with new twentieth century successors.

This policy rationale was underscored by his warning that America cannot cede to other nations the technology that will power new jobs and new industries.

It nurtures a pro business environment that encourages enterprise formation and growth, facilitates the growth of industries, enhances the productivity, innovation and capabilities of enterprises, and helps increase access to markets and business opportunities.

An undervalued currency, which serves to subsidize China s manufacturing industries, has been a key driver of the country s economic growth for the last decade.

For example, French President Nicholas Sarkozy plans to borrow 52 billion euros to promote what his government guesses or hopes will be growth industries.

The economic historian Douglas Irwin has challenged the argument that nineteenth century protectionist policy aided the growth of infant industries in the United States.

So, what does the new NASA budget do? And how is it relevant to other industries and other governments?

Industries such as oil, banks, tobacco, (and companies like General Electric), along with labor, formed the New Deal Coalition.