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Industrial Development Report 2016

The Role of Technology and Innovation in Inclusive and Sustainable Industrial Development

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This report looks at how technology and innovation achieves inclusive and sustainable industrial development (ISID). Its main finding is that ISID is feasible and technology can simultaneously serve all three dimensions of sustainability, including economic, social and environmental. Rapid inclusive and sustainable industrialization can happen more frequently provided that policymakers firmly steer the industrialization process with opportune policies and avoid past mistakes. In some cases, the spread of technology has not materialized in concrete growth opportunities because of the lack of technological capabilities. Innovation needs to be supported by interventions strengthening the process from invention to adoption, as capabilities are developed and high tech manufacturing sectors are created, seeing higher rates of sustainable growth.

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Foreword

Technological change is recognized as one of the main drivers of long-term growth. In the coming decades, radical innovations such as the mobile internet, the Internet of Things and cloud computing are likely to revolutionize production processes and enhance living standards, particularly in developing countries. The Sustainable Development Goal 9 Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation adopted on 26 September 2015 implies that without technology and innovation, industrialization will not happen, and without industrialization, development will not happen.

English

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