Industrial Development Report 2024

Turning challenges into sustainable solutions: the new era of industrial policy 

Abstract

We live in a complex and challenging world, marked by resource scarcity, global warming and widening socio-economic disparities, which disproportionally affect developing countries and threaten the achievement of the Sustainable Development Goals (SDGs). The Industrial Development Report 2024 emphasizes the pivotal role the industrial sector plays in delivering sustainable development solutions to these challenges and calls for bold industrial policy initiatives aligned with the SDGs. Adopting a new approach to assess progress on sustainable industrialization the report emphasizes the urgency for action in three crucial areas: clean energy, decent work and innovation. Based on this assessment the report identifies eight areas of opportunities to accelerate SDG progress through modern industrial policies and presents concrete examples of policies in action in Africa, Asia-Pacific, Eastern Europe and Latin America and the Caribbean.