Industrial Strategy

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

• How can South Africa advance a new energy paradigm? A mission-oriented approach to megaprojects | Antonio Andreoni and Mariana Mazzucato |  2022
• Industrial policies and the competition for low-carbon manufacturing |  Gregor Semieniuk |  2022
• Public Purpose | Mariana Mazzucato | 2021
• Bringing Production Back into Development: An introduction |  Antonio Andreoni |  2021
• Grand Challenges, Industrial Policy and Public Value | Rainer Kattel and Mariana Mazzucato | 2020
• Industrial Policy in the 21st Century | Antonio Andreoni |  2020
• Mission-orientated innovation policy and dynamic capabilities in the public sector |  Rainer Kattel and Mariana Mazzucato | 2018
• Which Industrial Policy Does Europe Need? |  Mariana Mazzucato |  2015

Working papers

• Industrial Policy with Conditionalities: A Taxonomy and Sample Cases | Mariana Mazzucato and Dani Rodrik | 3 October 2023
• How can South Africa advance a new energy paradigm? A mission-oriented approach to megaprojects |  Antonio Andreoni, Kenneth Creamer, Mariana Mazzucato and Grové Steyn | 21 March 2022
• Governing finance to support the net-zero transition: Lessons from successful industrialisations | Olga Mikheeva and Josh Ryan-Collins | 21 January 2022
• Lesson from the past 21st century systems of state-owned enterprises | Simone Gasperin | 15 April 2021
• Deindustrialisation reconsidered: Structural shifts and sectoral heterogeneity | Fiona Tregenna and Antonio Andreoni | 15 July 2020
• Industrial policy: A long-term perspective and overview of theoretical arguments | Erik S. Reinert | 17 June 2020
• Socialising the risks and rewards of public investments: Economic, policy and legal issues | Andrea Laplane and Mariana Mazzucato | 7 November 2019
• Putting value creation back into 'public value': from market-fixing to market-shaping | Mariana Mazzucato and Josh Ryan-Collins | 3 June 2019
• The economics of change: Policy and appraisal for missions, market shaping and public purpose | Rainer Kattel, Mariana Mazzucato, Josh Ryan-Collins and Simon Sharpe | 31 July 2018

 Policy 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. 

Policy reports

• Statement for the German Bundestag’s  Economic Affairs Committee public hearing on a  "European Response to the Inflation Reduction Act" by Professor Mariana Mazzucato
• Rethinking the social contract between the state and business | Mariana Mazzucato | 2 Novmeber 2022
• Transformational change in Latin America and the Caribbean: A mission-oriented approach | Mariana Mazzucato | 25 October 2022
• Inclusive and sustainable British Columbia: A mission-oriented approach  | Mariana Mazzucato | 31 March 2022
• Mission-oriented innovation in the USA: Shaping markets toward grand challenges | Mariana Mazzucato, Antonio Andreoni and Rowan Conway | 10 June 2021
• Strategic missions and policy opportunities for State-owned enterprises | Simone Gasperin, Giovanni Dosi, Mariana Mazzucato and Andrea Roventini | 16 March 2021
• Equinor and Ørsted: How industrial policy shaped the Scandinavian energy giants | Jonas Algers and Rainer Kattel | 8 March 2021
• The Green Giant: New Industrial Strategy for Norway | Rainer Kattel, Mariana Mazzucato, Jonas Algers and Olga Mikheeva | 19 January 2021
• Challenge-driven economic policy: A new framework for Germany | Rainer Kattel, Mariana Mazzucato, Keno Haverkamp and Josh Ryan-Collins | 24 November 2020
• Mission-oriented public procurement: international examples | Mariana Mazzucato | 9 December 2020
• Alternative policy evaluation frameworks and tools | Mariana Mazzucato, Rainer Kattel, Sarah Albala, George Dibb, Martha McPherson and Asker Voldsgaard | 3 November 2020
• Innovation policy and industrial strategy for post-Covid economic recovery | Mariana Mazzucato and George Dibb | 14 September 2020
• A Mission-Oriented UK Industrial Strategy | UCL Commission for Mission-Oriented Innovation and Industrial Strategy (MOIIS) | 22 May 2019

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. 

Mariana Mazzucato | Project Syndicate | October 2022

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

Mariana Mazzucato, Rainer Kattel and Josh Ryan-Collins | Boston Review | September 2021

• Industrial Policy is Back
  An aligned industrial policy is crucial to solve the 21st century's grand challenges and create a greener and more inclusive economy 
  Mariana Mazzucato | Project Syndicate | September 2023

• Industrial strategy demands a new deal with the private sector 
  Governments must approach these partnerships as an opportunity to maximise public value.
  Mariana Mazzucato | Financial Times | Novmeber 2022

• Toward a Progressive Economic Agenda
  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. 
  Mariana Mazzucato | Project Syndicate | October 2022

• Build Back the State
  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 Mazzucato | Project Syndicate | April 2021

• Building Back Worse
  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, Laurie Macfarlane and George Dibb | Project Syndicate | March 2021

Contact

Keno Haverkamp
Email: k.haverkamp@ucl.ac.uk