Industrial policies for a sustainable and inclusive growth

Since 2003 more than 50% of world growth has come from the non-OECD area. Today, the combined GDP of China and India is equivalent to about one-third that of the OECD area, but is expected to surpass it by 2060. Combined with very large populations and the accumulation of skills production capabilities, high growth in developing countries has contributed to the creation of a new world economy. While China has been the main driver of this process, other countries also contribute. China, Brazil and India are among the top ten world manufacturers.

Yet, developing countries still face several structural challenges to creating and retaining good quality jobs and diversifying their economies. They increase the competitiveness of existing firms, supporting the creation of new firms and enter into new sectors and activities.

To respond to these challenges, many developing economies have shown a renewed interest in industrial policies. Promoting innovation, skills and infrastructure upgrading and channeling financial resources to production development are among the major issues that their new industrial policies are called to address.

These issues are addressed in the OECD Perspectives on Global Development 2013: Industrial Policies in a Changing World that will be launched on 15 May at OECD Headquarters, Paris.