As representatives of the United Nations Industrial Development Organization (UNIDO), we are sometimes asked whether industrial development is still relevant to a world which many observers have claimed over the past decades to have entered the “post-industrial age”. Our answer is always an emphatic “yes”, shaped both by the evidence of history and current events.
Industry in Argentina has seen a sustained rise in production, exports and employment since 2003. But in order for this trend to become a structural change, greater import substitution is needed, analysts say.
Industry is the ailing sector of the Brazilian economy, with production falling 2.7 percent in 2012 in spite of government incentives, and in contrast with the strong expansion of retail trade and the lowest unemployment rate in history.
The European Union (EU) is Pakistan's largest trading partner, with overall trade between the two countries topping eight million euros in 2011.