Government as entrepreneur

A short video talk from TED by Professor Mariana Mazzucato of Sussex University on the state’s vital role in promoting innovation in a capitalist economy. Her book The Entrepreneurial State makes a fascinating read.

I wrote my MSc dissertation, way back when, on Industrial Policy in Malaysia, which admittedly had mixed results. Since then I have always been interested in how state intervention can promote growth and development, both in rich and developing nations.

Mazzucato describes how all the key technologies which make up the smart phone were funded by the US government, which definitely goes against much propaganda and conventional wisdom.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s