1945

THE NEW INDUSTRIAL SETTING IS CHANGING THE NATURE AND pattern of global industrial activity. Production, trade and innovation are shifting between activities and countries. Rapid technical change is boosting some activities and shrinking others. Economies are exploiting to different degrees the opportunities from new technologies, freer trade and more mobile productive resources. As a result there have been big variations in industrial performance-in, say, the growth of output and exports or the upgrading of manufacturing's technological structure. These variations are particularly marked in developing countries, where industrial capabilities vary considerably. But they are also evident in industrialized countries. (Detailed tables on selected indicators of industrial performance and drivers at regional and income levels are presented in the statistical annex.)

Related Subject(s): Economic and Social Development
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