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.
Embedding digitalization as part of the wider industrialization strategy can enable developing country firms to climb up the value chain ladder.
The potential for bringing production back home crucially depends on local innovation ecosystems.
The pandemic-induced crisis will have severe impacts on household incomes and industries in the region and requires swift policy actions.
Policy actions and coordination will be crucial in mitigating the impacts of the global pandemic on industry.