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

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

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 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)
Date: 2024-12-04
New Economics Papers: this item is included in nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:2024/32

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