VIENNA, 17 August 2012 – Developing countries should study the industrialization processes of the BRICS countries according to the participants at a workshop jointly organized by the United Nations University - Maastricht Economic Research Institute on Innovation and Technology (UNU-MERIT) and the United Nations Industrial Development Organization (UNIDO) that ended today.
The BRICS countries – Brazil, Russia, India, China and South Africa – have, through different patterns of growth, become the world’s leading emerging economies. While a number of explanations for the success of individual industries are available, very little analysis of what drove the BRICS’ growth and industrialization processes has been conducted by the international community, particularly with regards to drawing policy lessons.
“There are lessons to be learnt from the BRICS’ development experiences that are different from the traditional Western doctrine and these lessons should be spread,” said UNIDO Managing Director, Wilfried Luetkenhorst, who opened the workshop.
“Given that the economic performance of BRICS countries is largely determined by the structural transformation of their manufacturing industry, it is only appropriate that UNIDO takes on this challenge,” Luetkenhorst added.
Lecturers at the workshop included Justin Yifu Lin, former chief economist at the World Bank; Renato Perim Colistete, economist at the University of São Paulo; Nagesh Kumar, chief economist at the Economic and Social Commission for Asia and the Pacific (ESCAP); Boris Kuznetsov, economist at Moscow’sHigher School of Economics, Moscow; and Dave Kaplan, economist at the University of Cape Town.
A report on the key findings of the workshop will be published in late November this year.
The event brought together some 50 participants, including diplomats, academics and international experts.
For more information, please contact:
Director of UNIDO’s Development Policy
Statistics and Research Branch