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Industrial Development Report 2020

Industrializing in the Digital Age

image of Industrial Development Report 2020

The emergence and diffusion of advanced digital production (ADP) technologies clustered around the fourth industrial revolution (4IR) is radically altering the nature of manufacturing production, increasingly blurring the boundaries between physical and digital production systems. The significant requirements of ADP technologies are opening questions on whether industrialization is still a feasible or even a desirable strategy to achieve economic development. This publication contributes to this debate by presenting fresh analytical and empirical evidence on the future of industrialization in the context of a technological paradigm shift. According to the report, it is by engaging with industrialization that countries can build and strengthen the skills and capabilities needed to compete and succeed within the new technological paradigm.

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Advanced digital production technologies and industrial development: A global perspective

The absorption of new technologies is a key driver of successful inclusive and sustainable industrial development (ISID). History shows the links connecting new technologies with the introduction of new goods and processes, the expansion of industries, the creation of job and income opportunities and the advancement of environmental sustainability.

English

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