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Showing posts with the label African Industrialization Process

Twenty-first session of the General Conference – 7th Plenary.

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  The General Conference (GC) is UNIDO's supreme policymaking organ where all Member States meet once every two years. It determines the guiding principles and policies of the Organization, and approves the budget and work programme of UNIDO. Every four years, the GC appoints the Director General. The Conference also elects the members of the Industrial Development Board and the Programme and Budget Committee. Watch tge twenty-first session of the General Conference – 7th Plenary Conferences

The future of industrialization: Harnessing megatrends for sustainable growth.

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  The global industrial landscape is undergoing transformative change, driven by megatrends such as the energy transition, artificial intelligence and digitalization, global value chain reconfiguration, and demographic shifts. These trends present unique opportunities for developing countries to foster sustainable and inclusive industrial growth. However, foundational challenges, including deficits in infrastructure, skills, and technological capabilities, must be addressed. This policy brief highlights the potential of targeted industrial policies to harness these megatrends while overcoming barriers . Key strategies include building future-ready infrastructure, equipping the workforce with advanced skills, adopting green industrial practices, fostering regional coordination, and strengthening government capabilities. By embracing adaptive, forward-looking policies, developing countries can navigate a fragmented and competitive global industrial environment, and unlock opportunit...

Ensuring that the African industrialization process grows with a dynamism of its own.

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Accelerating productive transformation through industrialization , a higher form of value addition, is at the centre of Africa’s agenda towards sustainable development, structural transformation, competitiveness, recovery, resilience and inclusive prosperity and gained in importance in the current complex geopolitical context. The start of trading under the African Continental Free Trade Agreement (AfCFTA) in January 2021 offers Africa the most significant opportunity for socioeconomic progress. It is as of now, Africa’s biggest development programme. The AfCFTA becomes even more relevant when viewed against the backdrop of global supply chain disruptions which are bringing in train, inflation and threats of economic recessions. An integrated continental market of 1.4 billion people and growing, opens up large economies of scale and scope that can attract investments in manufacturing and agro-processing, which in turn, can boost economic diversification and intra-African trade . Projec...