Work

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

Year: 2025

Type: article

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.

Source: Journal of Industrial and Business Economics

DOI: 10.1007/s40812-025-00351-6

Authors: Giovanni Dosi, Lorenzo Cresti, Federico Riccio, Maria Enrica Virgillito

Institutions: Scuola Superiore Sant'Anna, Centro Ricerche Enrico Fermi

Language: English

Topic: Asian Industrial and Economic Development

Subfield: Political Science and International Relations

Field: Social Sciences

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $3,390