Paper by Demos Helsinki: “How can governments pursue meaningful industrial policy in the 21st century? How can they incentivise new markets to lead the twin transition? How can they create good jobs for future disadvantaged workers?
Most importantly, can the current setup of government achieve these essential transformations?
In this white paper, we propose a way to think about and implement missions that can unleash them beyond mere policy tools, launching a new type of governance for the 21st century.
The rise of mission-oriented innovation policy (MOIP) has given policymakers a practical approach to enabling and accelerating societal, economic, and technological transformations. The main premise behind its ever-growing dissemination across global policy networks is straightforward: in the face of the challenges posed by the 21st century, traditional innovation policy is broken.
Indeed, between 2010 and 2020, governments did not invest in clean energy as much as they should have; there was slow growth in markets for education, care, and other social services; and even antivirals were underfunded, leading to a slower response to the pandemic….(More)”.