The main megatrends reshaping industry.
Industrial development is evolving rapidly, driven by global shifts in the world economy , technology and environmental priorities . These trends are Reshaping how industries operate and adapt to new market realities , making it clear that replicating past models of industrial growth is no longer viable. For developing countries, the stakes are particularly high, as they must navigate this new industrial landscape and find innovative pathways to industrialize in a world where traditional approaches are being replaced by new dynamic s. Today’s industrial landscape is radically different from the one that first facilitated the rise of the Asian Tigers and later China. In the late 1970s, these countries benefitted from an expansive global policy space, with favourable conditions for export-led growth and integration into the global economy. At that time, labour-intensive manufacturing created a massive number of jobs, while environmental sustainability was not a central con...