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VIENNA, 1 December 2021 – The United Nations Industrial Development Organization (UNIDO) has launched its 2022 Industrial Development Report (IDR), The Future of Industrialization in a Post-pandemic World, at a plenary event of the nineteenth session of the UNIDO General Conference. The main findings of the report were presented and discussed with a panel of high-level policymakers and prominent experts in the field of industrial development.
The COVID-19 pandemic has had, and continues to have, devastating effects on economies and societies, threatening to undo years of progress towards achieving the 2030 Agenda for Sustainable Development. Opening the event, UNIDO’s Director General, LI Yong, asserted that we are living in a time of exceptional challenges and called for an active engagement in fostering an inclusive and sustainable recovery in the post-pandemic. “The imperative of accelerating efforts to achieve the 2030 Agenda for Sustainable Development has never been more urgent,” he said.
The IDR 2022 documents the socio-economic impact of the COVID-19 pandemic on different regions and countries of the world and examines the role played by the industrial sector during the crisis. The report shows that the COVID-19 pandemic hit hard all corners of the globe, but affected some countries, industries and workers more than others. It presents fresh quantitative and qualitative evidence and identifies key factors of resilience, as well as vulnerability. Understanding these factors is crucial in the design of industrial recovery strategies and policies.
These findings strongly reaffirm the importance of achieving SDG 9 to reach the goals of the 2030 Agenda. The role of the industrial sector during the crisis was also remarked on by Victoria Hernández Mora, Costa Rica’s Minister of Economy, Industry and Commerce. “In Costa Rica, industry was the least affected economic sector” she said, recognizing the importance of a proactive private-public collaboration in developing containment measures to allow industries operate safely.
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Based on its main findings, the IDR 2022 provides policy recommendations and calls the international community to act promptly and vigorously to build a better post-COVID-19 future. Discussing the global nature of the economic crisis resulting from the COVID-19 pandemic and the need to accelerate the global production and provision of vaccines, Fu, Funding Director of the University of Oxford’s Technology and Management Centre for Development emphasized the need for renewed international commitments and collaboration mechanisms. She said, “The acceleration of the global rollout of vaccine is crucial in defeating the pandemic and build back better. International partnerships involving countries, international organizations and pharmaceutical companies can be an effective mechanism to accelerate the technology transfer for global vaccine”, adding, “We should not waste this opportunity.”
Read more: Credits: https://unido.org/
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