BUENOS AIRES, 18 September 2018 – The United Nations Industrial Development Organization (UNIDO) took part in this year’s Think 20 (T20) Summit 2018 as knowledge partners and presented its Industrial Development Report 2018 (IDR 2018), which focuses on the importance of demand as a driver of industrial development.
Organized under Argentina’s G20 presidency, the Summit brought together over a 1000 participants from 68 countries – including leading think tanks, government officials and representatives from international organizations and other stakeholders from the business community. During the Summit, a T20 Communiqué on the engagement group’s vision and public policy recommendations to the G20 was presented. The Communiqué will serve to inform the G20 Leaders’ Summit, to be held at the end of this year.
On receiving the Communiqué, Argentina’s President Mauricio Macri highlighted the key role of the engagement group to foster new perspectives on how to improve the welfare of humankind.
“Global solutions need a compromise and action from all sectors of society,” President Macri said. “It means a collective construction, which is why it is so important that their contributions are concrete recommendations orientated towards action. This is the only way to have a positive impact on reality.”
Manuel Albaladejo, UNIDO Representative in Uruguay, opened the session focusing on the Organization’s Industrial Development Report 2018 by providing an overview of the UNIDO’s work in the region and highlighting the relevance of the report’s findings for policy formulation.
Cecilia Ugaz Estrada, Director of UNIDO’s Department of Policy Research and Statistics, provided an overview of the report, while Andres Lopes from the University of Buenos Aires and Rob Vos from the International Food Policy Research Institute discussed the main insights from the report and stressed the original angle for the analysis of industrial development.
The role of income redistribution in creating demand for domestic products and the importance of demand-driven interventions at the micro-level – such as strategic public procurement – were highlighted in the discussion as important insights coming from the report, which are particularly relevant for G20 economies.
UNIDO also participated in a panel discussion the potential of Industry 4.0 for development, during which Ugaz Estrada discussed the impact and policy implications of industry 4.0 technologies in developing countries.
The participants agreed that that developing countries need to design and implement clear and tailored strategies to benefit from the new technologies. “Industry 4.0 needs a strategy that is multi-stakeholder,” concluded Ugaz Estrada.
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Research and Industrial Policy Officer
UNIDO Research and Industrial Policy Advice Division