Industrialization challenges in the digital age
Left unaddressed, power asymmetries in the world economy can negatively impact industrialization in the Global South.
Left unaddressed, power asymmetries in the world economy can negatively impact industrialization in the Global South.
Effective place-based policies need to deliver desired spatial economic cohesion while minimizing resource waste and secondary distortions.
Demand-led industrial strategies can be highly effective, but need to be carefully designed and implemented to avoid possible pitfalls.
Global trade has proved to be less vulnerable than many initially feared and may help drive the recovery.
The pandemic is causing massive disruptions to flows of foreign direct investments. Developing countries are likely to be hit the hardest.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.