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Goal 9 aims to build resilient infrastructures, promote sustainable industrialization, and encourage innovation.
Economic growth, social development and climate action depend heavily on investments in infrastructure, sustainable industrial development and technological progress. In a rapidly changing global economic landscape and widening inequality gap, sustainable growth must include industrialization that creates opportunities for all people first and foremost, and secondly, supported by innovation and resilient infrastructure.
Even before the COVID-19 pandemic, global manufacturing - an engine of inclusive economic growth - was steadily declining due to tariffs and trade tensions. The pandemic-induced deindustrialization has caused other serious impacts on the global economy. This is primarily due to rising inflation, energy price shocks, ongoing disruptions in the supply of raw materials and intermediate goods, and the global economic slowdown.
While Asian LDCs have made significant progress, African LDCs will need to change the current trajectory and significantly accelerate progress to meet the target by 2030. However, high- and medium-tech industries have shown strong growth rates.
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