Economic and industrial production instability

Experimental visualization of narrower problems
Other Names:
Uncoordinated production planning

The magnitude and rate of changes due to restructuring of industrial production is not only enormous but largely unplanned, generating a momentum and direction of its own. The internal dynamics of national growth and the international spread of technology are governed by uncoordinated forces, including ad hoc governmental decisions and the dictates of the market; they encourage the perpetuation of the inequitable distribution of the benefits accruing internationally from the present rapid growth of industry and it is unclear whether they are the most efficient means of promoting such growth [per se]. As stated in the draft of the Lima Plan of Action on Industrial Development and Cooperation, "the unrestricted play of market forces is not the most suitable means of promoting industrialization on a world scale nor of achieving effective international cooperation in the field of industry".

Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic GrowthGOAL 11: Sustainable Cities and CommunitiesGOAL 12: Responsible Consumption and Production
Problem Type:
C: Cross-sectoral problems
Date of last update
04.10.2020 – 22:48 CEST