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Industrial policies for global commons: why it is time to think of the ghetto rather than of the moon

Author

Listed:
  • Giovanni Dosi

    (Scuola Superiore Sant’Anna)

  • Lorenzo Cresti

    (Scuola Superiore Sant’Anna
    Centro Ricerche Enrico Fermi)

  • Federico Riccio

    (Scuola Superiore Sant’Anna)

  • Maria Enrica Virgillito

    (Scuola Superiore Sant’Anna)

Abstract

This paper posits that what has been currently understood as a new return of industrial policies is actually a vague and rhetorical usage of the notion, as the current framework lacks the proper understanding of industrial policies as instruments to firstly, orient the rate and direction of technical change; secondly, govern and shape the direction of collective answers to major challenges; thirdly, promote alliances beyond different and possibly conflicting interests, bringing together actors and institutions with the ability to undertake social coordination at the benefit of society. Overall, this contribution advocates a new political economy of industrial policies, going beyond simple and mostly ineffective “incentives”, such as tax deductions.

Suggested Citation

  • Giovanni Dosi & Lorenzo Cresti & Federico Riccio & Maria Enrica Virgillito, 2025. "Industrial policies for global commons: why it is time to think of the ghetto rather than of the moon," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 52(3), pages 845-866, September.
    • Handle: RePEc:spr:epolin:v:52:y:2025:i:3:d:10.1007_s40812-025-00351-6
    DOI: 10.1007/s40812-025-00351-6
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    Keywords

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    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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