Mazzucato, M; Kattel, R; Ryan-Collins, J; (2021) Las políticas de innovación impulsadas por retos: hacia nuevas herramientas de política. Cuadernos del Cendes , 38 (107) pp. 25-52.

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Abstract

Through well-defined objectives, or more specifically «missions» focused on solving important societal challenges, policymakers have the opportunity to determine the direction of growth by making strategic investments in many different sectors and fostering new industrial landscapes, which the private sector can further develop and, as a result, induce cross-sectoral learning and increase macroeconomic stability. This approach seeks to provide direction to growth and raise business expectations about future growth areas and catalyze activity that would not otherwise occur. Tilting the playing field in the direction of desired societal goals requires a policy framework, that we call the «ROE» framework, which involves strategic thinking about the desired direction, the structure and capacity of public sector Organizations, the policy evaluation, and the incentive structure for the public and private sectors.

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