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New Economic Thinking for a New Industrial Strategy

12 June 2024, 6:00 pm–7:30 pm

New economic thinking for a new industrial strategy

The launch of the Strategic Economics Alliance

This event is free.

Event Information

Open to

All

Availability

Yes

Cost

Free

Organiser

¹û¶³Ó°Ôº IIPP

Location

Gustave Tuck Lecture Theatre
Wilkins Building
Gower Street
London
WC1E 6BT
United Kingdom

About the session

Industrial strategy is back around the world; however, it risks reverting to old models focused on promoting specific sectors and technologies, guided by outdated economic assumptions that limit the role of the state. It is often also being advanced without a global equity or global climate action lens. IIPP’s new Strategic Economics Alliance (SEA), spearheaded by Professor Mariana Mazzucato and Dr Carolina Alves, aims to strengthen new economic thinking and its influence on economic policy, including in the area of green industrial strategy.

The climate crisis is a direct result of how we have designed our economies, and highlights the need for new economic thinking and practice. Current economic policy is severely restricted by economic theory that minimises the role of the state in shaping markets and directing growth that is inclusive and sustainable ex-ante - theory that has come predominantly from the Global North. IIPP is launching a new initiative to counteract this trend.

The SEA initiative will forge new connections between academics who are challenging mainstream economics and ambitious government and multilateral institution leaders, helping these leaders to better navigate the transition to inclusive and sustainable economies, and feeding back insights from their experience to inform economic theory. Importantly, it will provide a platform for amplifying the voices of women economists, in particular from the Global South, whose voices have been underrepresented.

Meet the panel

The discussion will begin with a keynote speech fromÌýFounding Director and Professor in the Economics of Innovation and Public Value atÌý¹û¶³Ó°Ôº Institute for Innovation and Public Purpose (IIPP) Mariana MazzucatoÌýfollowed byÌýa high-level panel discussion includingÌý, global economist andÌýformer Minister of Investment, Trade, and Industry in Botswana, , Professor of Economics at the University of Johannesburg, and Carolina Alves,ÌýAssociate Professor in Economics at ¹û¶³Ó°Ôº Institute of Innovation and Public Purpose (IIPP).

Key information

  • When:ÌýWednesday 12 June at 18:00Ìý- 19:30 BST
  • Where:, ¹û¶³Ó°Ôº, Gower St, London WC1E 6BT

Read more about IIPP Forum 2024

About the Speakers

Mariana Mazzucato

Founding Director and Professor in the Economics of Innovation and Public Value at ¹û¶³Ó°Ôº Institute for Innovation and Public Purpose (IIPP)

Mariana Mazzucato
Mariana Mazzucato (PhD) is Professor in the Economics of Innovation and Public Value at ¹û¶³Ó°Ôº (¹û¶³Ó°Ôº), where she is founding director of the ¹û¶³Ó°Ôº Institute for Innovation and Public Purpose. She has won international prizes including theÌýGrande Ufficiale Ordine al Merito della Repubblica ItalianaÌýin 2021, Italy's highest civilian honour, theÌý, the 2019Ìý, and the 2018ÌýLeontief Prize for Advancing the Frontiers of Economic Thought. Most recently, Pope Francis appointed her to the Pontifical Academy for Life for bringing ‘more humanity’ to the world.Ìý

Professor Mazzucato is the author of four highly-acclaimed books:ÌýÌý(2013),ÌýÌý(2018),ÌýÌý(2021) andÌýÌý(2023).Ìý

She advises policymakers around the world on innovation-led, inclusive and sustainable growth. Her current roles include being Chair of theÌý, Co-Chair of theÌý, Co-Chair on theÌý, and a member of theÌý

More about Mariana Mazzucato

Bogolo Joy Kenewendo

Global economist at Kenewendo Advisory

Bogolo Joy Kenewendo
Bogolo Joy Kenewendo's career spans trade & investment, finance & development, and public policy. She is the Regionalisation Director, and Special Advisor to the UN Climate Change High Level Champions.


Kenewendo served as a Specially Elected Member of Parliament and Cabinet Minister of Investment, Trade and Industry in Botswana. She serves in various corporate and philanthropic boards including as Chairperson of Bank Gaborone, Non-Executive Director of the Africa Free Trade Area adjustment Fund Corporation and the Africa Center for Economic Transformation.


She also advises governments and international institutions on trade and economic development policy.

Kenewendo has served the G7 Gender Equality Advisory Council, the United Nations Secretary-General António Guterres’ High-Level Panel on Digital Cooperation, Advisory group on the gender architecture of the UN and group on Financing for Development.
She is also a member of the World Economic Forum (WEF) Trade Advisory Group, Global Future Council on Global Public Goods in the Fourth Industrial Revolution, and a WEF Young Global Leader. She is a Non-Resident Fellow with the Center for Global Development.

She is frequently named among Africa's Most Influential People by various publications. In 2022 she was named among Prestigious Time magazine’s TIME100 Next Honorees highlighting 100 emerging leaders from around the world who are shaping the future and defining the next generation of leadership.

Erika Kraemer-Mbula

Professor of Economics at University of Johannesburg

Erika Kraemer-Mbula
Erika Kraemer-Mbula is Associate Professor at the School of Economics at the University of Johannesburg; Researcher at the DST-NRF Centre of Excellence in Scientometrics and Science, Technology and Innovation Policy (SciSTIP), South Africa; Research Associate, Centre for Law, Technology and Society (CLTS), University of Ottawa; Research Associate, Institute for Economic Research on Innovation (IERI), Tshwane University of Technology, Pretoria. Kraemer-Mbula specialises in science, technology and innovation policy analysis, and innovation systems in connection to equitable and sustainable development. She is an active member of several academic networks, including serving on the Steering Committee of the Open African Innovation Research (Open AIR) network and serving as Vice-President of Globelics.

Carolina Alves

Associate Professor in Economics at ¹û¶³Ó°Ôº Institute for Innovation and Public Purpose

Carolina Alves
Prof Carolina Alves is Associate Professor in Economics at ¹û¶³Ó°Ôº Institute for Innovation and Public Purpose. Carolina joined IIPP from Girton College at the University of Cambridge, where she was the Joan Robinson Research Fellow in Heterodox Economics and a College Teaching Officer at the Faculty of Economics. At Cambridge, she led teaching in macroeconomics, political and social aspects of economics, and history and philosophy of economics while also being the Director of Studies for Economics for second-year undergrads and a member of Girton’s College Council responsible for the stewardship of the College. Carolina is the co-founder of Diversifying and Decolonising Economics – a network of economists working to promote inclusiveness in economics in both the academic content and the field’s institutional structures. She is a member of the Rebuilding Macroeconomics Advisory Group - a research initiative aimed at re-invigorating macroeconomics and bringing it back to the fore as a policy-relevant social science, as well as being the co-editor for the Developing Economics blog, which takes a critical approach to creating discussion and reflection in the field of economics. She is also a board member of the Progressive Economy Forum Council (PEF) and Positive Money. More about Carolina Alves