By Li Yong, UNIDO Director General
Explore this topic further with the upcoming launch of the
2017 African Economic Outlook: Entrepreneurship and Industrialisation in Africa.
Stay tuned for details.
Africa must industrialise to fulfill its economic potential. To achieve the Sustainable Development Goals (SDGs) as part of the 2030 Agenda, we need to support Africa in accelerating its development by promoting inclusive and sustainable industrialisation.
Inclusive industrialisation means ensuring that no one is left behind, especially not women. Including women is critical, not only because gender equality is a fundamental human right, but also because it enables faster economic growth, shared prosperity and sustainable development. The 2016 Global Gender Gap report1 shows a positive correlation between gender equality and gross domestic product, economic competitiveness and human development. The economic benefits to increasing female labor force participation are real. The OECD estimates that GDP would increase by 12% if participation rates for women were to reach those of men by 2030.2