Industrial policies for global commons: why it is time to think of the ghetto rather than of the moon

Giovanni Dosi (), Lorenzo Cresti (), Federico Riccio () and Maria Enrica Virgillito ()
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Giovanni Dosi: Scuola Superiore Sant’Anna
Lorenzo Cresti: Scuola Superiore Sant’Anna
Federico Riccio: Scuola Superiore Sant’Anna
Maria Enrica Virgillito: Scuola Superiore Sant’Anna

Economia e Politica Industriale: Journal of Industrial and Business Economics, 2025, vol. 52, issue 3, No 13, 845-866

Abstract: Abstract This paper posits that what has been currently understood as a new return of industrial policies is actually a vague and rhetorical usage of the notion, as the current framework lacks the proper understanding of industrial policies as instruments to firstly, orient the rate and direction of technical change; secondly, govern and shape the direction of collective answers to major challenges; thirdly, promote alliances beyond different and possibly conflicting interests, bringing together actors and institutions with the ability to undertake social coordination at the benefit of society. Overall, this contribution advocates a new political economy of industrial policies, going beyond simple and mostly ineffective “incentives”, such as tax deductions.

Keywords: Industrial policies; Global commons; Decarbonization; Social planning (search for similar items in EconPapers)
JEL-codes: D63 L52 Q58 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s40812-025-00351-6

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