A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 162 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Industrial Development Report 2018

From a demand perspective, the importance of industrialization can hardly be overestimated. Manufactured goods account for up to 60 per cent of household consumption worldwide. Moreover, industrial goods tend to become cheaper over time, reaching a growing number of consumers.

The IDR 2018 report by UNIDO highlights the fact that the consumption of manufactured goods is an important catalyst for the achievement of SDG 9. Without a critical mass of consumers, industrialization cannot take off and be sustained over time.

The report presents new evidence on the relative roles played by domestic and global sources of demand in driving industrialization. Domestic demand for manufacturing goods is a key driver of growth. Its relative importance has been growing in recent years, driven by the emergence of a consumer class in emerging industrial countries. The extent to which countries benefit from domestic demand, however, crucially depends on the distribution of income — with more unequal countries experiencing lower growth — as well as on a country’s level of industrialization.

The report also warns about the environmental impact of increased consumption, and calls for a shift in consumption patterns towards the purchase of environmental goods that minimize use of natural resources and toxic materials, as well as emissions of waste and pollutants.

A key message of the report is that the development of green industries requires major shifts in consumption patterns towards the purchase of environmental goods. Important barriers to the widespread consumption of environmental goods produced by green industries need to be removed. These include too high prices, gaps in consumer awareness of environmental concerns and biases in purchasing behaviour.

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