Traditional development cooperation has kept its distance from economic contexts as far as possible, and the environmental and social components of development have been central to its work. However, experience shows that if economic progress is lacking, social development will fail and the environment will be irreversibly damaged.
A sustainable industrial policy based on the principles of the circular economy, which incorporates the strengths of the respective natural resources, geography and geology and is characterized by (good) governance, is lacking in most of today’s developing countries.
More than a decade ago, Ethiopia recognized that an industrial policy must include education and training and, despite some political uncertainties, has made impressive progress in economic and social development to date. Especially the resource-rich countries of Africa are required to formulate coherent sectoral policies. Sustainable economic growth with a high demand for labor is required to generate increasing prosperity and to reduce migratory pressure, despite high population growth in many countries.
Eco-efficiency in industrial and commercial parks, i. The use of unavoidable waste products (heat, gases, liquids, “waste”) as input for processes has been the state of the art in industrialized countries for years. In developing countries, such plans and realizations have so far only been implemented in exceptional cases. There is considerable potential here to make economic development more sustainable and sustainable in line with the principles of the circular economy.