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A mission-oriented framework for the coordination of State-Owned Enterprises in Brazil
Authored by Mariana Mazzucato, Fernando Teixeira and Giovanni Tagliani
22 November 2024
Leveraging A mission-oriented framework for the coordination of State-Owned Entreprises in Brazil | UCL Institute for Innovation and Public Purpose (IIPP) Working Paper Series: IIPP WP 2024-18.
Authors:
- Mariana Mazzucato | Founding Director and Professor in the Economics of Innovation and Public Value | UCL Institute for Innovation and Public Purpose
- Fernando Teixeira | Policy Fellow | UCL Institute for Innovation and Public Purpose
Giovanni Tagliani | PhD Candidate | UCL Institute for Innovation and Public Purpose
Abstract:
The Government of Brazil is implementing an agenda of economic transformation that aims to bring economic, social and environmental priorities into alignment. Realising its full potential will require a parallel agenda of state transformation, to empower the public service with the policies, tools, institutions and capabilities needed to successfully direct growth and shape markets that work for the people of Brazil and for the planet. Thoughtful design and governance of state-owned enterprises (SOEs) are a critical part of this agenda. SOEs play an important role in Brazil’s economy, but realising their full potential requires aligning their mandates with policy goals – in contrast to the traditional view that SOEs should remain independent and arms-length. This working paper explores the challenges and opportunities for aligning and coordinating SOEs around the goals of Brazil’s economic transformation.
This working paper was used to inform a hybrid workshop held on October 17th , 2024 at the National School of Public Administration (ENAP), with attendees from 30 public organizations. It has been updated to reflect the insights shared by participants.
This working paper was written as part of a project funded by the Open Society Foundations, led by Professor Mariana Mazzucato (PI) with Professor David Eaves as Co-PI of the Digital Public Infrastructure workstream, as part of a partnership between the Institute for Innovation and Public Purpose (IIPP) and Brazil’s Ministry of Management and Innovation in Public Services (MGI).
Reference:
This working paper can be referenced as follows: Mazzucato, M., Teixeira, F., and Tagliani, G.(2024). A mission-oriented framework for the coordination of State-Owned Enterprises in Brazil. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2024-18). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2024-18