VIENNA, 20 April 2018 – Structural change is a central feature of economic development and as economies evolve, the manufacturing industry plays a key role. However, development is increasingly not only about raising income because the form growth takes also matters. Issues of inclusion (with as many as possible benefiting from the proceeds of growth) and sustainability (with growth minimizing the environmental impact) have become crucial. This study, which was made possible by a financial contribution from the Government of Japan, explores the role of the manufacturing industry in the twenty-first century in this context. Manufacturing offers the possibility of both job and income creation, but also poses challenges in terms of the effects this process has on natural resources and climate change. Recent history demonstrates that experience with industrialization has been very uneven, both in terms of the spread of benefits between countries and their distribution within countries. The study highlights successful and unsuccessful experiences and considers their policy implications. The challenges discussed here are of central importance for most countries, especially for developing countries wishing to expand their industrial base and embark on a path of sustainable industrialization.
For more information, please contact:
Senior Research and Industrial Policy Officer
UNIDO Department of Policy Research and Statistics