最准的六合彩论坛

The United States is leading on industrial policy. The Inflation Reduction Act (IRA), the CHIPS and Science Act (CHIPS), and the Bipartisan Infrastructure Bill have generated in public and private investment in the US economy since 2021.

Yet, while the US economic recovery is strong, structural weaknesses in the form of financialization and low intergenerational mobility persist. The US financial sector has decoupled from the real economy with all US publicly traded companies having spent on stock buybacks between 2010 and 2019, a figure that continues to .

Professor Mariana Mazzucato, Director of the 最准的六合彩论坛 Institute for Innovation and Public Purpose (IIPP), and her team at IIPP have been advising the White House and the US Department of Commerce on the implementation of the CHIPS and Science Act. As part of this work, the Department of Commerce has embedded in CHIPS to prohibit share buybacks, incentivise worker training and access to childcare, and promote energy and water-efficient supply chains.

Prof. Mazzucato鈥檚 and IIPP鈥檚 work has been cited in two previous Annual Economic Reports to the President ( and ) from the White House Council of Economic Advisors, as well in the from (Former Director of Biden鈥檚 National Economic Council) 聽on a new approach to US industrial policy.

Building on these ongoing relationships as well as previous meetings with the White House in 2022, Prof. Mazzucato and her team travelled to Washington DC at the beginning of April 2024. During two private roundtables 鈥� one with the and one with members of the US Congress, Senate, and Biden Administration聽鈥� and a meeting with Brian Deese, the IIPP team discussed how to scale learnings from CHIPS. Dispelling critiques of the government burdening its innovation policy with social provisions, its approach to conditionalities 鈥渁n example of Capitalism at its finest.鈥� But there is room for improvement.

During separate meetings with Ro Khanna, Democrat Congressman from California, and Liz Schuler, President of the AFL-CIO, the country鈥檚 biggest trade union confederation, the IIPP team discussed how best to expand conditionalities to strengthen worker protection and labour standards, while implementing them in a way that is mandatory and measurable.

After presenting her on mission-oriented public development banks at the in Marrakesh, Morocco in October 2023, Prof. Mazzucato was invited to deliver a seminar at the IMF headquarters in Washington DC. One week ahead of the Spring Meetings, she spoke to a packed room of IMF and World Bank staff聽on a new approach to industrial policy.

The two international financial institutions have been slow to adopt new economic thinking and expand their policy toolkit to consider the use of , strategic procurement, and other industrial policy tools. IIPP鈥檚 existing work with the , the , and Brazil, underscores the importance of adopting the full suite of policy tools as well as investing in government capacity to support industrial policy efforts. 聽

During their time in Boston, the IIPP team strengthened ties with Harvard Kennedy School鈥檚 Both are part of the Emergent Political Economies (EPE) Network, which brings together academic institutes committed to advancing new economic thinking.

During her public lecture as part of a two-day conference on 鈥�鈥� Prof. Mazzucato presented her work with (Ford Foundation Professor of International Political Economy) on a new approach to industrial policy with conditionalities The conference was attended by other leading academics, including (Ford Foundation Professor of International Political Economy), (Elizabeth and James Killian Professor of Economics at MIT), and (Peter Wertheim Professor in Urban Policy).

IIPP also strengthened ties with the at the Following a public lecture at MIT, Prof Mazzucato was joined for a panel discussion by , (Former Special Assistant to President Biden for Manufacturing and Economic Development), (Associate Professor in Political Economy and Urban Planning at MIT), and (Dibner Professor of the History of Engineering and Manufacturing at MIT).

Prof. Mazzucato was joined by Sarah Doyle (Director鈥檚 Head of Policy) and Luca K眉hn von Burgsdorff (Director鈥檚 Senior Policy Advisor) and received support from Isadora Spillman-Schappell (Cities Programme Manager) and Joe Morrisroe (one of IIPP鈥檚 MPA students).