The effects of COVID-19 on industry in least developed countries
LDCs may have recovered their industrial production but not their trade in manufacturing products.
LDCs may have recovered their industrial production but not their trade in manufacturing products.
What can we learn from the COVID-19 pandemic?
Advanced digital production technologies are changing manufacturing and carry implications for the future of industrial development.
Digitalization holds promise for less industrialized economies but also underlines the need for increasing efforts in developing human capital.
The pandemic-induced crisis will have severe impacts on household incomes and industries in the region and requires swift policy actions.
The recovery of supply chains can be supported through trade policies and firm-specific initiatives.
COVID-19 struck at the core of GVC hub regions, with severe implications for international production networks.
Policy actions and coordination will be crucial in mitigating the impacts of the global pandemic on industry.