Industry 4.0 for inclusive development

Format:

Corporate Author:

United Nations Conference on Trade and Development

Publisher:

UN

The use of industry 4.0 technologies in manufacturing can increase productivity and reduce the environmental impact of industrialization and may create rather than replace jobs. At the same time, most firms in developing countries are not ready to use such technologies; most continue to use analog technologies in production processes and need to further industrialise to benefit from industry 4.0. There is a risk of slow industrialisation and dissemination of industry 4.0 in manufacturing in developing countries, further increasing inequalities between countries, and replicating the patterns seen in previous technological revolutions. This report discusses industry 4.0 in manufacturing sectors and its impact on inequalities within and between countries