Economics - Innovation - Inclusive Growth - Public Purpose

INDUSTRIAL STRATEGY

Key Questions

  • How can governments shape markets to drive inclusive and sustainable economic growth?
  • How can an Industrial Strategy bring together public and private actors in collaboration to combat the societal grand challenges we face in the 21st century?
  • How do governments and the public sector have to change and develop new capabilities to drive a mission-oriented Industrial Strategy?

Related Industrial Strategy Projects

A mission oriented approach to industrial strategy

A mission oriented approach to industrial strategy

Mariana Mazzucato has been instrumental in the introduction of mission-oriented thinking to the UK government’s Industrial Strategy, initially proposing the concept during the consultation on the Green Paper proposals which were adopted when then Secretary of State Greg Clark launched the Industrial Strategy White Paper. Mariana formed the UCL Commission on Mission-Oriented Innovation & Industrial Strategy (MOIIS) chaired by herself and former minister for Universities and Science, Lord David Willetts, to advise the government on how this novel approach can be implemented. The government set out four grand challenge areas that the Industrial Strategy should address whilst increasing productivity and prosperity; clean growth, the future of mobility, artificial intelligence & data, and healthy ageing. The MOIIS commission has been working closely with the policy teams in the Department for Business, Energy and Industrial Strategy (BEIS) to frame bold but achievable missions in each of these areas and to develop plans of how they could be delivered. IIPP were delighted to receive the backing of the Prime Minister Theresa May who cited the work of the MOIIS commission when announcing 4 missions, one under each grand challenge, in May 2018.

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