COVID-19 and the megatrends shaping the future of industrial development
The coronavirus pandemic has not fundamentally altered pre-pandemic megatrends, but accelerated some.
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Nobuya Haraguchi leads country diagnostic work and various research and publication projects. He has published widely on structural change, patterns of manufacturing and industrial policy. Recent publications include articles in journals, such as Structural Change and Economic Dynamics (2019 and 2018), World Development (2017), and chapter contributions to key reference books, such as Oxford Handbook of Structural Transformation, edited by Monga and Lin (2019) and Efficiency, Finance and Varieties of Industrial Policy, edited by Noman and Stiglitz (2016). He was a co-editor of the book Structural Change and Industrial Development in the BRICS (2015). Before joining UNIDO, he taught macroeconomics at St. John’s University in the United States.
The coronavirus pandemic has not fundamentally altered pre-pandemic megatrends, but accelerated some.
Resolute policy action is required to sustain productive capacity and mitigate supply and demand shocks.