Industrial Development Report 2002-2003

Competing Through Innovation and Learning

image of Industrial Development Report 2002-2003

This is the first publication in a new UNIDO series devoted to the various dimensions of industrial development. This series is intended to build on development policy experience and to advance the frontiers of current thinking, with a focus on the least developed countries. This report reviews the following topics: the ingredients of growth with equity; the predicament of the least developed countries; shortcomings of today’s policy models; spreading access to income-generating assets; providing greater symmetry in the costs and benefits of international compacts; and caring about future generations.




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.


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