UCL Institute for Innovation and Public Purpose


The Entrepreneurial State in Developing Countries

27 April 2023, 5:30 pm–7:00 pm

ES in Developing Countries

The UCL Institute for Innovation and Public Purpose (IIPP) invites you to the second instalment of the IIPP 2023 Festival: The Entrepreneurial State 2.0. - Rethinking the State in the 21st century​.

Event Information

Open to



IIPP Communications

Watch the video here

Thursday 27 April 2023 | 17:30–19:00 (BST) UK Time

The Entrepreneurial State by Mariana Mazzucato demonstrated that the state has the capacity to generate and promote innovation. The argument in the book is developed by scrutinising the economic and development history of the 20th century of the most successful economies around the globe, in which the role of the state has been central.​

For developing countries, one of the main questions in this debate is the common grounds the entrepreneurial state has with long-term considerations on state-led development, its limitations, and criticisms. If, in most of the cases discussed in the book, there were very few budget constraints, does this mean an obstacle for developing countries who face serious limited fiscal space? If, in the context of these most successful economies, we see this state capacity linked to geopolitical and military disputes, what can be said about developing economies? 

Equally importantly, assessing and returning to various forms of state-led development has been one of the outcomes of recent transformations in the global economy. Here, a discussion around the concept of 'new state capitalism' is gaining attention, where there is an attempt to move away from binary notions of the relationship between states and markets. Thus, an essential task in this context is to assess how The Entrepreneurial State is understood in this discussion. ​

Meet the panel: 
The talk is chaired by Dr Carolina Alves Associate Professor in Economics at UCL IIPP, in conversation with Dr Farwa Sial, Senior Policy and Advocacy Officer - Development Finance, EURODAD, Dr Lucia Pradella, Senior Lecturer in International Political Economy, King's College London and Prof. Julio D. Dávila, UCL Professor of Urban Policy and International Development.

This event is part of the IIPP 2023 Festival: The Entrepreneurial State 2.0. - Rethinking the State in the 21st Century. #TheEntrepreneurialState2.0

About the Speakers

Dr Farwa Sial

Senior Policy and Advocacy Officer at Development Finance EURODAD

Farwa Sial
Farwa is a political economist and joined Eurodad in January 2021 as Senior Policy and Advocacy Officer - Development Finance. She works on publicly funded development finance, with a focus on development finance flows to the private sector in developing countries and the role of Development Finance Institutions (DFIs). Before joining Eurodad, she worked as an academic lecturer and international development consultant in the UK focusing on political economy issues rooted in heterodox and pluralist economics. She is an honorary research fellow at the Global Development Institute at the University of Manchester and a steering group member of Diversifying and Decolonising Economics (D-econ). In addition to development finance, her research interests and on-going publications also cover the evolution of capitalism in developing countries, specifically in relation to corporate transformations, the role of industrial policy and changing technology. Farwa holds a PhD in Development Studies from the School of Oriental and African Studies (SOAS). She is based in London and Brussels. More about Dr Farwa Sial

Dr Lucia Pradella

Senior Lecturer in International Political Economy at King's College London

Lucia Pradella
Lucia Pradella studied Philosophy, Social Sciences and Migration Studies at the University of Venice Ca’ Foscari and the Humboldt University in Berlin. She collaborated with the project of historical-critical edition of Marx’s and Engels’s complete works at the Berlin-Brandenburg Academy of Sciences and Humanities. After completing her PhD on globalisation and the history of political economy using that edition (jointly at the University of Naples Federico II and Paris X Nanterre), she conducted a two-year postdoctoral research fellowship in Sociology of Economic Processes and Work at Ca’ Foscari. She taught in the areas of International Political Economy, Migration, and Welfare Policies at Brunel, SOAS and Ca’ Foscari. She is a Research Associate in the SOAS Department of Development Studies and in the Centre for the Global Political Economy at the University of Sussex, and member of the Laboratory for Social Research at Ca’ Foscari. She joined King’s as a lecturer in International Political Economy in 2015. More about Dr Lucia Pradella

Julio D. Dávila

Professor of Urban Policy and International Development at The Bartlett Development Planning Unit University College London

Julio D. Dávila is UCL Professor of Urban Policy and International Development, and a former Director of The Bartlett Development Planning Unit, University College London. Julio is a civil engineer, development planner and urban economist with international experience in research and consultancy projects in 15 countries in Latin America, the Middle East, Africa and Asia. His research expertise focuses on local government in progressive social and political transformation; governance of urban and peri-urban infrastructure (transport, and WATSAN); rapid urbanisation and health. Julio is a Fellow of the Institution of Civil Engineers (UK). More about Julio D. Dávila

Dr Carolina Alves

Associate Professor in Economics at UCL Institute for Innovation and Public Purpose

Carolina Alves

Carolina comes from Girton College at the University of Cambridge where she was the Joan Robinson Research Fellow in Heterodox Economics and a College Teaching Officer at the Faculty of Economics. At Cambridge, she has been leading teaching in macroeconomics, political and social aspects of economics, and history and philosophy of economics, while also being the Director of Studies for Economics for second-year undergrads, and a member of Girton’s College Council responsible for the stewardship of the College.

Carolina is the co-founder of Diversifying and Decolonising Economics – a network of economists working to promote inclusiveness in economics in both the academic content and the field’s institutional structures. She is a member of the Rebuilding Macroeconomics Advisory Group - a research initiative aimed at re-invigorating macroeconomics and bringing it back to the fore as a policy-relevant social science, as well as being the co-editor for the Developing Economics blog, which takes a critical approach to creating discussion and reflection in the field of economics.

She is also a board member on the Progressive Economy Forum Council (PEF) and Positive Money.   

More about Dr Carolina Alves