Overview

WHAT IS THE STATE OF INDUSTRIAL DEVELOPMENT AROUND THE world? Perhaps the clearest impression is that of diversity and divergence. A few developing economies have done very well in recent years in coping with the fast-changing industrial scene. But others, a disturbingly large number, have done badly. This is hardly news. It is now well known that economic performance, particularly industrial performance, is highly variable among developing economies. This is accepted as part of the hard reality of development and globalization. Early models of inevitable convergence, based on simple neoclassical growth models, have given way to more diffuse analyses stressing that structural, institutional and social factors may continue to drive economies apart.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure