The secret in induction motors is the "squirrel cage" of shorted copper conductors imbedded in the laminated iron rotor. Eddy currents are induced in this structure whenever the rotor RPM drops below the synchronous RPM, and the eddy currents interact with the stator magnetic fields (using the Lorentz force F = I x B) to create a torque. The decay time constant of the eddy currents in the squirrel cage are several cycles of the 50Hz/60Hz frequency. If the squirrel cage rotates 180 degrees on a 2-pole motor, or 90 degrees on a 4-pole motor, in half a cycle, the eddy currents are minimized. If the RPM lags more under load, the eddy currents increase more, creating more torque.
The magnetic poles on the stator are fixed in location; 2-pole 180 degrees (3600 RPM), 4-pole 90 degrees (1800 RPM), 6-pole 60 degrees (1200 RPM), etc. The current flowing in the coils on these poles is always alternated at 0 degrees or 180 degrees, determined by its connection to the mains, to give the apparent field rotation. The rotor rotation can be either clockwise or counterclockwise, and be synchronous. All the poles have the same phase lag; tan-1((L/R)), so the phase shift pole-to-pole is always 180 degrees. But the current does not lag the voltage by the full 90 degrees, because the coil winding has finite resistance as well as inductance. All electric motors (with one exception) are inherently inductive, and have an inductive power factor. The power factor is worst when the motor is running on a light or no load. When under high load, the power factor [cos(theta)] is highest.
[Edit] You asked about inductance of current-carrying lines. In coaxial cables, the equivalent circuit model is a long repetition of a series inductance L (plus a little wire resistance) followed by a shunt capacitance C, plus repeats. It turns out that the shunt capacitance "cancels out" the inductance, leading to a nearly real coax cable impedance Z = sqrt(L/C).
Bob S