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Industrial policy solutions for LDCs: how industrialization strengthens food security (antonio Andreoni, Anders Isaksson, Fabio Russo; UNIDO Policy Brief Series: Insights on Industrial Development No. 8)
Document Summary:
Despite their heterogeneity, least developed countries (LDCs) face some similar challenges, with food security ranking high on the policy agenda. Poly-crises including climate change, global pandemics, conflicts and trade disputes exacerbate food insecurity and malnutrition. A robust food industry can contribute to mitigating these challenges while driving the much-needed structural transformation in these countries. Industrial policy has the potential of significantly reducing hunger in LDCs through industrial policy interventions focused on 1) building productive capabilities; 2) shaping agro-industry value chains, and 3) regulating and guiding markets. Successful implementation requires adequate funding, highlighting the need for increased support from the international community to enhance LDCs’ fiscal capacity.
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