Conversations: The Future of Industry - Is Automation an Opportunity or Threat for Developing Countries?

Across the world, industries remain a major source of formal employment. Supporting industry competitiveness has been an important part of the World Bank Group’s work for many decades. According to a recent IEG evaluation, between 2008 and 2014, the World Bank Group invested $21.6 billion (or nearly 6 percent of its portfolio) in supporting 881 industry-specific projects.

Industry Competitiveness and Jobs: The World Bank Group's Experience

Improving industry competitiveness is key to enhancing growth and creating jobs in developing countries. The World Bank Group has been a key partner in promoting industry development, particularly through the work of IFC and MIGA, which support private sector investment in critical sectors, and the Bank Group’s sector-wide policy interventions.