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

Author

Listed:
  • Giovanni Dosi
  • Lorenzo Cresti
  • Federico Riccio
  • Maria Enrica Virgillito

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.

Suggested Citation

  • Giovanni Dosi & Lorenzo Cresti & Federico Riccio & Maria Enrica Virgillito, 2024. "Industrial policies for global commons: why it is time to think of the ghetto rather than of the moon," LEM Papers Series 2024/32, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    • Handle: RePEc:ssa:lemwps:2024/32
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    References listed on IDEAS

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    Keywords

    Industrial policies; global commons; decarbonization; social planning;
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