The "State of the Nation" for global industry is currently defined by a and the rise of economic nationalism . After decades of favoring laissez-faire markets, nation-states are once again acting as central drivers of economic strategy to address national security, climate goals, and regional inequalities. Key Pillars of the Current Industrial Landscape
The Future of Industrialization - UNIDO
: Industrial policy is increasingly merging with national security strategy . Major powers like the US and China are locked in a rivalry for technological and manufacturing hegemony, while the EU pursues more modest state interventions. Industry State Of The Nation
: While global manufacturing value added (MVA) per capita grew by 17.3% between 2015 and 2024, the "Global South" faces difficulties competing against the massive industrial subsidies of superpowers. The "State of the Nation" for global industry
: Global leaders are shifting away from minimizing government roles toward using "economic statecraft". This involves large-scale tax credits and grants to bolster domestic manufacturing and secure critical supply chains. Major powers like the US and China are