Rethinking Today’s approach to industrial development.
At the heart of any sustainable, long-term solution to the world’s most pressing challenges lies industrialization, a proven engine of economic growth and social progress. However, today’s approach to industrial development must be markedly different from past practices. It mus t prioritize sustainability, inclusivity and resilience to empower the global population, particularly in developing countries, to achieve prosperity without jeopardizing the environment or exacerbating existing inequalities . At the same time, it must keep pace with rapid technological advancements, leveraging new materials and implementing new production processes to create innovative products . Addressing these challenges necessitates a comprehensive set of enablers for industrialization, ranging from basic framework conditions (such as infrastructure and energy sources) to specific capabilities and skills within the private sector, labour force and government. To harness these capabilities for sustainable...