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ÐÂÏã¸ÛÁùºÏ²Ê¿ª½±½á¹ûInstitute for Innovation and Public Purpose

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Industrial Strategy

IIPP advocates for a new 21st-century approach to industrial policy, one that puts public value creation at the heart of policymaking and emphasises the need for governments to shape and co-create markets, not just fix them. Through well-defined goals, or more specifically ‘missions’, policymakers have the opportunity to determine the direction of growth, coordinate action across different sectors and nurture new industrial landscapes.

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Research projects

IIPP challenges the idea of market failures as the only justification for government interventions. Instead, we propose industrial policies and innovation-led ‘smart’ growth policies aimed to create and shape markets. We have articulated these ideas in a number of research projects on sustainable development, industry 4.0, and health innovation.

Journal articles
  • Ìý´¥ÌýÌý²¹²Ô»åÌýÌý´¥ÌýÌý2022
  • ´¥ÌýÌýGregor Semieniuk ´¥ÌýÌý2022
  • Ìý´¥ÌýÌý´¥Ìý2021
  • Ìý´¥ÌýÌýÌý´¥ÌýÌý2021
  • Ìý´¥ÌýÌý²¹²Ô»åÌýÌý´¥Ìý2020
  • Ìý´¥ÌýÌý´¥ÌýÌý2020
  • ´¥ÌýÌýÌý²¹²Ô»åÌýÌý´¥Ìý2018
  • ´¥ÌýÌýÌý´¥ÌýÌý2015
Working papers

ÌýPolicy projects

IIPP works closely with governments and public institutions around the world to translate cutting-edge theory on the role of the state in the economy into practice. With our partners, we are informing the design of industrial strategies aimed at maximizing public value and shaping more inclusive and sustainable economies.Ìý

Policy reports

News stories

Other news stories

Media outlets

Strategic clarity is needed now more than ever to face both the immediate cost-of-living crisis and the longer-term structural challenges facing Latin America and the Caribbean.Ìý

Mariana MazzucatoÌý´¥ÌýÌý´¥ OctoberÌý2022

Final response: Missions concern far more than scientific and industrial development. They are ultimately about public value creation.

Mariana Mazzucato,ÌýRainer KattelÌý²¹²Ô»åÌýJosh Ryan-CollinsÌý´¥ÌýÌý´¥ÌýSeptemberÌý2021

  • An aligned industrial policy is crucial toÌýsolve the 21st century's grand challenges and create a greener and more inclusive economyÌý
    Mariana MazzucatoÌý´¥ÌýÌý´¥ SeptemberÌý2023

  • Ìý
    Governments must approach these partnerships as an opportunity to maximise public value.
    Mariana MazzucatoÌý´¥ | NovmeberÌý2022


  • Past policy failures and unmet populist promises represent an opportunity for progressive leaders. But to win power, they must articulate a coherent alternative economic-policy program, focusing not only on redistribution but also on wealth and value creation.Ìý
    Mariana MazzucatoÌý´¥ÌýÌý´¥ÌýOctober 2022


  • In promising to "build back better" from the pandemic, US President Joe Biden has certainly struck the right note. But to succeed, he will need to forge a new social contract, drawing on the lessons of a previous era when the US state led a program that is still paying economic dividends.
    Mariana MazzucatoÌý´¥ÌýÌý´¥ÌýAprilÌý2021


  • British Prime Minister Boris Johnson’s government is clearly happy for the state to play a larger role in the economy. And yet, by scrapping a perfectly sensible industrial strategy for no good reason, it has all but ensured that the country’s economic problems will remain unsolved.Mariana Mazzucato,ÌýLaurie MacfarlaneÌý²¹²Ô»åÌýGeorge DibbÌý´¥ÌýÌý´¥ÌýMarchÌý2021

Contact

Keno Haverkamp
Email:Ìýk.haverkamp@ucl.ac.uk
Ìý