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Industry is a seedbed for entrepreneurship, business investment, technological progress, the upgrading of skills, and the creation of decent jobs. All these factors contribute to sustained productivity improvements that can ensure pro-poor outcomes and contribute to increased living standards, particularly in developing countries. In addition, better access to domestic and international markets can make an enormous contribution to developing countries’ fight against poverty.
By positioning industries at the right stage of global value chains, countries may benefit from opportunities offered by global trade, including more jobs, exports, and foreign direct investment (FDI). In addition to enhanced resilience, market access can bring the much needed capital and technology essential for growing a strong, inclusive, transformative economy. Participation in global trade is an important aspect of any country’s strategic approach to Inclusive and Sustainable Industrial Development (ISID).
Many people in many developing countries, in particular in the Least Developed Countries, live in an agrarian, often subsistence economy. Many young people grow up without opportunities to learn entrepreneurial and industrial attitudes and skills, resulting in poverty with persistent unemployment or underemployment. Entrepreneurship is therefore an inclusive process that enables the bottom billion – women and men – in rural as well as urban areas, to achieve social mobility. Entrepreneurship also transforms economies and enhances industrial development, inclusively and sustainably, from individual and grass-root levels.
Against this background, UNIDO supports programmes towards investment and technology promotion, SME development, trade capacity-building, and entrepreneurship development.
UNIDO provides advisory services to improve the business and policy environment for the private sector, assisting with the creation of productive capacities. Its programmes support investment and technology opportunities to help enterprises, especially SMEs, improve productivity and innovation, and achieve systemic competitive advantages. Building on a robust global network aimed at fostering investment, technology and other partnership opportunities, UNIDO seeks to enable SMEs to capitalize on their unique dynamism and flexibility by strengthening synergies among enterprises and with support institutions
In the context of trade capacity-building programmes, UNIDO strengthens international trade norms and standards by assisting developing countries and transition economies in upgrading production and processing systems to enhance the quality of local products, in particular through the adoption of improved technologies, and help them conform to the standards required by international markets. UNIDO builds capacities in both public and private institutions to formulate trade policies and strategies based on economic and statistical analysis, as well as benchmarking competitive performance at sectoral and product levels and supporting the establishment of trade-related databases such as inventories of technical barriers to trade (TBT), which are designed to expand exports from the industrial sector.