POORER COUNTRIES MAY FIND IT HARDER THAN EVER TO FOSTER INDUSTRIALIZATION, UN WARNS

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From: UNNews <UNNews@un.org>
Date: 11 Apr 2013 13:00:01 -0400
Subject: POORER COUNTRIES MAY FIND IT HARDER THAN EVER TO FOSTER
INDUSTRIALIZATION, UN WARNS
To: news11@ny-mail-p-lb-028.ptc.un.org

POORER COUNTRIES MAY FIND IT HARDER THAN EVER TO FOSTER
INDUSTRIALIZATION, UN WARNS
New York, Apr 11 2013 1:00PM
Poorer developing countries may find it much harder under current
conditions to foster industrial development and structural change than
earlier generations of states that hauled themselves out of poverty,
like the so-called Asian tigers, according to new book prepared by a
specialised United Nations agency.

"They face a more complex, and daunting set of circumstances than the
developing countries that embarked on industrialization after 1950,"
the UN Industrial Development Organization (UNIDO)
<"http://www.unido.org/media-centre/news/article/date/2013/04/11/new-book-examines-pathways-to-industrialization-in-the-xxi-century.html#pp1[g1]/0/">warned.
"These changing and challenging circumstances require new thinking,
and in particular new paradigms to guide researchers, policy makers,
and international development organizations in the future."

The book, presented in London today and entitled 'Pathways to
Industrialization in the Twenty-First Century: New Challenges and
Emerging Paradigms,' analyzes the circumstances and challenges facing
developing countries in industrialization, and offers fresh ideas for
new paradigms to carry forward industrial policy in the future.

It was co-edited by UNIDO Director of the Development Policy,
Statistics and Research Branch Ludovico Alcorta, and is the result of
a study prepared by UNIDO in partnership with the UN University's
World Institute for Development Economics Research (UNU-WIDER) and the
Maastricht Economic and Social Research Institute on Innovation and
Technology (UNU-MERIT).

Over the last two centuries, the experiences of the first wave of
industrialized countries in Europe and the United States, and the more
recent experiences of the East Asian Tigers (Indonesia, Malaysia,
Thailand, China, India, and Viet Nam), have illustrated the
transformative nature of industrialization, Mr. Alcorta said.

"There are reasons to believe that industrialization will continue to
be one of the major engines of growth, transformation, and
socioeconomic development. Industrial development enables a more rapid
advancement toward developed country living standards. But many
challenges remain, and new challenges have arisen," he added.

"These include: integration into global value chains; the shrinking of
policy space in the present international order; the rise of the Asian
driver economies; new opportunities provided by resource-based
industrialization; the accelerating pace of technological change in
manufacturing; how to deal with jobless growth in manufacturing;
creating adequate systems of financial intermediation; and how to
respond to the threats of global warming and climate change."

UNIDO's mission UNIDO) is to promote and accelerate sustainable
industrial development in developing countries and economies in
transition. In recent years, it has assumed an enhanced role in the
global development agenda by focusing its activities on poverty
reduction, inclusive globalization and environmental sustainability.

It carries out two core functions: as a global forum, it generates and
disseminates industry-related knowledge; and as a technical
cooperation agency, it provides technical support and implements
projects.
Apr 11 2013 1:00PM
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