Efficient, resilient and sound infrastructure form the bedrock of economic prosperity. However, many communities around the world have inadequate industrial capacity and limited communications networks, limiting their opportunities for economic growth.
Learn how your innovations can tackle these issues by joining theInfrastructure Lab, part of Prepr’s Sustainable Innovation Lab series.
This UNESCO goal aims for the development of robust, reliable and sustainable industry, including a wave of industrialization for Least Developed Countries. It additionally targets improved research and innovation funding, as well as promoting sustainable industrial practices around the world.
The value of manufacturing as a share of GDP increased to 16.2% in 2016. In the same year, manufacturing value per capita was $4,621 in Europe and North America.
In 2014, investments in research stood at 1.7% of the world’s gross domestic product. There were also 1,098 researchers per million people in 2014.
Official Development Assistance (ODA) for infrastructure in developing countries has reached $57 billion.
16% of the global population does not have access to mobile broadband networks.
Industrialization’s job multiplication effect has a positive impact on society. Every job in manufacturing creates 2.2 jobs in other sectors.
For many African countries, particularly lower-income countries, infrastructure constraints restrict productivity by around 40%.
Small and medium-sized enterprises that engage in industrial processing and manufacturing are the most critical for the early stages of industrialization and are typically the largest job creators.
Small and medium-sized enterprises that engage in industrial processing and manufacturing make up over 90% of business worldwide and account for between 50-60% of employment.
Developing countries have immense potential for industrialization in food and beverages as well as textiles and garments, with good prospects for sustained employment generation and higher productivity.
Middle-income countries can benefit from entering the basic and fabricated metals industries, which offer a range of products with growing international demand.
In developing countries, under 30% of agricultural production undergoes industrial processing.
In high-income countries, 98% of agriculture production is processed. This suggests great opportunities for agro-industry in developing countries.
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