A revival of industrial policies is under way around the world, the United Nations said Thursday, with countries going for technological innovation to diversify their economies.
The UN’s World Intellectual Property Organization said greater productivity levels could be reached through specialising in existing strengths.
“In economies of all sizes, we are seeing a resurgence in industrial policymaking,” said WIPO chief Daren Tang.
“This includes in many developing and least developed countries, who are increasingly targeting economic diversification — and the innovation, creativity and technology required to achieve it — as a means of securing supply chains, addressing national and international challenges and driving sustainable growth.
“More and more economies see their future in innovation, creativity, technology and entrepreneurship,” he added.
The UN agency on Thursday released its World Intellectual Property…
Source: Guardian Newspaper
