Left unaddressed, power asymmetries in the world economy can negatively impact industrialization in the Global South.

Demand-led industrial strategies can be highly effective, but need to be carefully designed and implemented to avoid possible pitfalls.

The pandemic is causing massive disruptions to flows of foreign direct investments. Developing countries are likely to be hit the hardest. 

The recovery of supply chains can be supported through trade policies and firm-specific initiatives.

Women’s specific needs and potential as leaders and agents of change must be considered for COVID-19 mitigation and recovery measures.