INVESTMENT PROJECTS AS A PATHWAY TO INDUSTRIAL DEVELOPMENT IN GLOBAL NATIONS
Keywords:
project, investment project, industry, gross domestic product, macroeconomic forecast, automotive industry, energy sector, field.Abstract
This scholarly article provides a comprehensive examination of industrial efficiency metrics in both developed and developing countries. It highlights the significance and role of investment projects in enhancing industrial sectors across these nations, offering examples of various projects. The discussion extends to the impact of military conflicts, geopolitical risks, climate shocks, inflation, stringent credit policies, and increasing external debt—all of which are adversely affecting the global economy. Experts from the United Nations predict a decline in global GDP growth rates for 2024. Another critical observation is the persistent sluggishness in global commodity trade and industrial production, primarily due to a contraction in goods trade throughout most of 2023, although the services sector, notably tourism, continued to recover and grow in 2023.
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