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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
  • Lorenzo Cresti
  • Federico Riccio
  • Maria Enrica Virgillito

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 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, 2024. "Industrial policies for global commons: why it is time to think of the ghetto rather than of the moon," LEM Papers Series 2024/32, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    • Handle: RePEc:ssa:lemwps:2024/32
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    Cited by:

    1. Beatrice Negro & Giovanni Dosi & Maria Enrica Virgillito, 2024. "The hydrogen paradigms. Technologies, country patterns of specialisation and dependence," LEM Papers Series 2024/33, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    2. Dario Guarascio & Mario Holzner & Donato Iacobucci & Valentina Meliciani, 2025. "European competitiveness in the new global context: structural constraints, strategic dependencies and the role of the new industrial policy," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 52(3), pages 525-533, September.
    3. Simone Vannuccini, 2025. "Move Fast and Integrate Things: The Making of a European Industrial Policy for Artificial Intelligence," GREDEG Working Papers 2025-21, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    4. Beatrice Negro & Maria Enrica Virgillito, 2025. "More Hype than Hope. Hydrogen Policy, Projects and Environmental Conflicts," LEM Papers Series 2025/28, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.

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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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