According to its Lima Declaration, the United Nations Industrial Development Organization (UNIDO) aims to eradicate poverty through inclusive and sustainable industrial development (ISID). UNIDO advocates that ISID is the key driver for the successful integration of the economic, social and environmental dimensions, required to fully realize sustainable development for the benefit of our future generations.
Inclusive and sustainable industrial development means that:
- Every country achieves a higher level of industrialization in their economies, and benefits from the globalization of markets for industrial goods and services.
- No one is left behind in benefiting from industrial growth, and prosperity is shared among women and men, young and old, rural and urban dwellers alike, in all countries.
- Broader economic and social growth is supported within an environmentally sustainable framework.
- Unique knowledge and resources are combined of all relevant development actors to maximize the development impact of ISID.
The enormous potential of ISID to deliver upon the multi-dimensional aspirations of development has also been recognized by all members of the United Nations, which adopted the 2030 Agenda for Sustainable Development, including SDG-9 “Build Resilient Infrastructure, Promote Inclusive and Sustainable Industrialization and Foster Innovation”.