UNIDO publishes the Industrial Development Report (IDR) 2024

UNIDO’s new flagship publication, the 2024 edition of the Industrial Development Report (IDR), entitled “Turning Challenges into Sustainable Solutions: The New Era of Industrial Policy”, shows the transformative potential of modern industrial policies to offer novel solutions to current global challenges, from resource scarcity and climate change to widening socioeconomic disparities and a growing world population. The report finds that every manufacturing job has the potential to generate more than two jobs in other sectors of the economy. This underscores the crucial role of industry as a driver of job creation and economic growth – and as such a key element in fighting poverty and hunger. The IDR24 also reports that industrial firms hold approximately 60% of all green patents worldwide, despite representing a smaller share of the overall number of firms, thus highlighting their crucial role in innovation for sustainable economic development.

International cooperation and solidarity are key to achieving fair globalization. IDR24 therefore appeals for renewed international commitment to support developing nations, which includes increased technology and knowledge transfer, sustainable financing, and robust international cooperation.

For more information and to access the full report, visit www.unido.org/idr2024.

photo credit: UNIDO