INDUSTRY, INNOVATION AND INFRASTRUCTURE: WHY IT MATTERS
What’s the goal here?
To build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
Economic growth, social development and climate action are heavily dependent on investments in infrastructure, sustainable industrial development and technological progress.
In the face of a rapidly changing global economic landscape and increasing inequalities, sustained growth must include industrialization that first of all, makes opportunities accessible to all people, and two, is supported by innovation and resilient infrastructure.
So what’s the problem?
Basic infrastructure like roads, information and communication technologies, sanitation, electrical power and water remains scarce in many developing countries.
An estimated 3.8 billion people still do not have access to the Internet, representing 80% of the population in the least developed countries. 3 billion people worldwide lack access to basic sanitation and 3 in 10 people lack access to safely managed drinking water.
How much progress have we made?
The growth of manufacturing in both developing and developed regions slowed in 2018, attributed largely to emerging trade and tariff barriers that constrain investment and future expansion. The disparities in industrial productivity between rich and poor nations also remain stark.
Why should I care?
Inclusive and sustainable industrialization, together with innovation and infra- structure, can unleash dynamic and competitive economic forces that generate employment
and income. They play a key role in introducing and promoting new technologies, facilitating international trade and enabling the efficient use of resources.
The growth of new industries means improvement in the standard of living for many of us. Also, if industries pursue sustain- ability, this approach will have a positive effect on the environment. Climate change affects all us.
What is the price of inaction?
The price is steep. Ending poverty would be more difficult, given the industry’s role as a core driver of the global development agenda to eradicate poverty and advance sustainable development. Additionally, failing to improve infra- structure and promote technological innovation could translate into poor health care, inadequate sanitation and limited access to education.
How can we help?
Establish standards and promote regulations that ensure company projects and initiatives are sustainably managed.
Collaborate with NGOs and the public sector to help promote sustainable growth within developing countries.
Think about how industry impacts on your life and well-being and use social media to push for policymakers to prioritize the SDGs.
To find out more about Goal #9 and other Sustainable Development Goals, visit: