Mission-oriented innovation policies: challenges and opportunities
By Mariana Mazzucato. Industrial and Corporate Change, 2018
893 citations recorded by the source corpus.
This article focuses on the broader lessons from mission-oriented programs for innovation policy—and indeed policies aimed at investment-led growth. While much has been written about case studies on missions, this has not resulted in an alternative policy making toolkit. Missions—in the least—require those tools to be just as much about market cocreating and market shaping, as they are about market fixing. The article reviews the characteristics of mission-oriented programs, ooks at key features of those programs that can provide lessons, and discusses how to choose and implement mission-oriented policies, with an example.
Subfields: Accounting, Economics and Econometrics, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/5e67f2480e041a606a86d0f2ba6c20213dc00d52
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Citations in the corpus
- Industrial policy for sustainable human development in the post-Covid19 era (2020, neutral): “They sit between broad challenges and concrete projects (Mazzucato, 2018), shaping and creating markets – rather than just fixing them – to solve concrete societal challenges (Mazzucato et al.”
- Industrial Policy in the 21st Century (2020, neutral): “Since the 1970s, development and evolutionary economists have produced a wealth of research on capabilities building and innovation dynamics, starting from this recognition (Dosi et al., 1988; Freeman, 1974; Lall, 2001; Mazzucato, 2018).”
- New directions for RIS studies and policies in the face of grand societal challenges (2021, neutral): “This article draws inspiration from the growing body of work on missionoriented (Mazzucato, 2018), challenge-oriented (Raven & Walrave, 2018) and transformative innovation policy (Schot & Steinmueller, 2018; Diercks et al., 2019) to address the question how the RIS approach and regional innovation…”
- Challenge-Driven Innovation Policy: Towards a New Policy Toolkit (2019, positive): “…missions are focusing on areas such as managing the impact of technological advance and artificial intelligence on the labour market; adapting to changing demographics and an ageing population; or making the transition to a low carbon economy (European Commission 2011; Kattel and Mazzucato 2018).”
- Mission-oriented innovation policy and dynamic capabilities in the public sector (2018, neutral): “(Mazzucato 2018a) Second, with social responsiveness also citizens and social engagement have moved into the focus of mission-oriented policies.”
- Circular futures: What Will They Look Like? (2020, neutral): “As such, they are particularly useful for the design of “mission-oriented innovation policies” (i.e. “systemic public policies that draw on frontier knowledge to attain specific goals”; Mazzucato, 2018; Wanzenböck et al., 2019) intended to accelerate the advent of a more circular economy.”
- Putting value creation back into “public value”: from market-fixing to market-shaping (2019, neutral): “Indeed, many of the technologies listed above came from ‘mission-oriented’ investments where the state laid down the path – to go to the Moon or in modern days to fight climate change (Mazzucato 2018b, c).”
- Public procurement, innovation and industrial policy: Rationales, roles, capabilities and implementation (2020, neutral): “Societal challenges are increasingly seen as legitimate drivers for innovation policy (Schot and Steinmuller, 2018; Mazzucato, 2015, 2018; Weber and Rohracher, 2012).”
- Innovation in and from emerging economies: New insights and lessons for international business research (2021, neutral): “…matter, not only as enforcers and creators of institutions but also as direct participants in innovation systems through public organizations, such as research institutes and universities, and as orchestrators of industrial and innovation policy (Laursen & Santangelo, 2017; Mazzucato, 2016, 2018).”