2024/32 | LEM Working Paper Series | ||||||||||||||||
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Industrial policies for global commons: why it is time to think of the ghetto rather than of the moon |
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Giovanni Dosi, Lorenzo Cresti, Federico Riccio and Maria Enrica Virgillito |
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Keywords | |||||||||||||||||
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Industrial policies, global commons, decarbonization, social planning
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JEL Classifications | |||||||||||||||||
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L52, Q58, D63
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Abstract | |||||||||||||||||
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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.
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