Professor Mazzucato met with Prime Minister Mottley last week to discuss opportunities for sustainable and inclusive economic growth in Barbados.
最准的六合彩论坛 Institute for Innovation and Public Purpose (IIPP) Director Professor Mariana Mazzucato and the Prime Minister of Barbados Mia Mottley met last week to discuss a new working partnership aimed at supporting the development of an ambitious, mission-oriented economic growth path for Barbados.听The meeting took place during a weeklong visit from Mazzucato and members of her team at IIPP, organised by the Government of Barbados.
Barbados is already a trailblazer when it comes to navigating a just green transition. Prime Minister Mottley has attracted , which proposes a radical overhaul of the global financial architecture to create more fiscal space for countries in the Global South to tackle climate change. Domestically, the Prime Minister鈥檚 plans are no less ambitious.
The collaboration between IIPP and the Government of Barbados will focus on unlocking the potential of Barbados to advance a different type of economic growth 鈥� focused on tackling big challenges like climate adaptation and on uniting the country around ambitious goals, or 鈥渕issions鈥�, that reimagine Barbados鈥� future.
Barbados was hit hard by the COVID-19 pandemic and is contending with the growing threat of climate change. These crises have shone a spotlight on the importance of new economic thinking, economic diversification and a just green transition. Over the coming months, IIPP will support the Government of Barbados in exploring opportunities to catalyse new forms of investment, innovation, partnership and growth. This could include identifying ambitious and inspiring , building capacity in the public service, and designing enabling policy tools.
Barbados鈥� existing commitments and strengths听provide a promising foundation 鈥� including its commitment to become the first 100% green and fossil-fuel-free small island state in the world,听its geography as a large ocean state (with potential as a logistical hub and for blue economy investments),听its emerging life sciences industry and commitments to a safe and healthy future,听the potential to align its tourism sector with a just green transition,听and commitment to rooting Barbados鈥� future in a revived sense of Barbadian culture and identity.听
The partnership was kicked off at the beginning of February 2023,听with a series of presentations, meetings and discussions with leaders from government, industry, labour and media, providing Professor Mazzucato and her team with the opportunity to listen and learn about Barbados鈥� unique opportunities and challenges, while sharing preliminary insights based on Professor Mazzucato鈥檚 and IIPP鈥檚 previous work.听
In a prime example of IIPP鈥檚 practice-based theorising approach, this new partnership will build on Transformational change in Latin America and the Caribbean: A mission-oriented approach, a report written by Professor Mazzucato in 2022 for the UN Economic Commission for Latin America and the Caribbean (). The report aims not to set out a definitive pathway for Latin America and the Caribbean (LAC), but to offer a new vocabulary and framework for green industrial strategy in the region, as well as the policies, tools, and institutions to back them up. IIPP鈥檚 partnership with Barbados will build from this framework, adapting it to the Barbados context. This partnership also builds on a COP27 event hosted by IIPP and the Scottish Government, which featured Prime Minister Mottley on an all-female panel moderated by Professor Mazzucato, describing what is needed for states to mobilise, direct, and shape finance to align with climate and health goals.
The collaboration between IIPP and Barbados will take shape over the coming weeks.
鈥淪ome of the big challenges faced in Barbados today can be translated into opportunities for investment, innovation and growth, with the aim of building a more inclusive and sustainable economy. Prime Minister Mia Mottley has a compelling vision for the country, founded on a new social contract between government, business and labour. IIPP is honoured to be collaborating with the Government of Barbados and its partners in helping to realize this vision,鈥� says听Professor听Mazzucato.听
Mariana Mazzucato met with Sir Roy Trotman and other Barbadian trade union leaders. 鈥淭here is nothing inevitable in how we structure our economies. We have agency.鈥�
Upcoming event
闯辞颈苍听Prime Minister Mottley and Professor Mazzucato on 21st听February 2023听to诲颈蝉肠耻蝉蝉听迟丑别 needed from states to shape sustainable, inclusive economies and the importance of building capacity internally rather than relying on consultants - picking up on the themes in Professor Mazzucato鈥檚 new book, co-authored with Rosie Collington.
Event: : How can governments take the lead in creating the new economic systems we need to secure flourishing futures for people, place and planet? Professor Mariana Mazzucato and听Prime Minister Mia Mottley in conversation with Justin Rowlatt
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