Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries
Industrialisation refers to the period of social and economic change that transforms a human group from an agrarian society into an industrial one, involving the extensive reorganisation of an economy for the purposes of manufacturing.
The first Industrial Revolution took place between the mid-18th and early 19th centuries in certain parts of Europe and North America. During this period, many people abandoned agricultural work in order to take higher-paid jobs in factories in towns and cities.
The second Industrial Revolution refers to changes in the mid-19th century, following the refinement of the steam engine, the invention of the internal combustion engine, the harnessing of electricity, and the construction of canals, railways and electric power lines. The invention of the assembly line gave the phase further momentum, and coal mines, steelworks and textile factories replaced homes as the place of work.
The term “inclusive industrialisation” refers to industrial development that includes all countries and all peoples, and offers equal opportunities and an equitable distribution of the benefits of industrialisation to all stakeholders. The term “sustainable industrialisation” addresses the need to decouple the prosperity generated from industrial activities from excessive natural resource use and negative environmental impacts.
In general, industrialisation is part of a process where people adopt easier and cheaper ways to make things. Using better technology, it becomes possible to produce more goods in a shorter time, and a single individual can produce more things. Since industrialisation, people have also done more specialised jobs.
The impact of industry on poverty eradication, environmental sustainability and food security is ultimately defined by the pattern of industrialisation that a country chooses to follow:
- Today, with poverty as the central challenge for our world, industrial activities continue to be a crucially important source of employment, accounting for almost 500 million jobs worldwide, representing about a fifth of the world’s workforce. Manufacturing industries and their related service sectors can absorb large numbers of workers, provide them with stable jobs, and increase the prosperity of their families and communities. An efficient agro-industry enhances economic stability for rural households, increases food security and helps achieve economic transformation.
- Experience shows that environmentally sound production methods in industry can significantly reduce environmental degradation. We now have the capabilities for cleaner industrial production: green industries can deliver environmental goods and services.
- Committing to sustainable production patterns makes business sense. It reduces the waste of costly resources and contributes to increased competitiveness. Similarly, since energy inputs represent an important area of expense for industries, clean energy and energy efficiency have progressively become core determinants of economic competitiveness and sustained growth.
A long-term strategy can put into place a framework for stable industry. It can also create incentives for investments in the necessary education, infrastructure, product quality, agribusiness solutions, innovation and entrepreneurial skills.