New Economic Thinking for a New Industrial Strategy

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AI Summary

Summarization in Outline Form

Introduction

• Host: Leslie Johnston, Chief Exec of Loudest Foundation
• Event: Rethinking the State Festival
• Focus: Tackling issues discussed by Mariana Mazzucato

Loudest Foundation

• Formed in 2020, 5 years old
• First grant to IIPP
• Belief in redesigning incentives and ideas of the system

Discussion Points

• Need for a different frame of mind for progress
• Introduction of new ideas, platforms, and voices
• Emphasis on inclusivity and understanding rights
• Call for a green, fair, and inclusive economy

Mariana Mazzucato’s Introduction

• Intellectual powerhouse transforming the public sector
• Founder and professor at UCL’s Institute for Innovation and Public Purpose (IIPP)
• Author of four acclaimed books
• Adviser to policymakers worldwide

Rethinking the State Festival

• Annual event expanding to broader subjects
• Focus on the role of the state in addressing challenges
• Emphasis on a capable, agile, and flexible public sector
• Need for new economic thinking and narrative

New Alliance

• Co-chaired by Mariana Mazzucato and Carolina Alves
• Aimed at bringing new voices and addressing injustices
• Collaboration with the UN and other organizations
• Discussion on goal-oriented economic systems

Panel Discussion

• Introduction of panelists: Bolo Joy Kendo, Erica Kramer Mula, Carolina Alves
• Focus on the importance of the conversation and the role of the state

Panelists’ Perspectives

• Carolina Alves: Emphasized the need for new voices and theories based on local realities
• Erica Kramer Mula: Highlighted the need for fresh ideas to tackle complex issues and measure success beyond GDP
• Bolo Joy Kendo: Stressed the historical context of industrial policy discussions and the need for just value chain development

Q&A Session

• Questions on government’s role in value creation, power dynamics, engaging governments, and the definition of justice
• Panelists provided insights on the importance of government investment, the need for regional collaboration, and the role of new economic thinking

Conclusion

• Emphasis on systemic change and the relationship between theory and practice
• Invitation to join for a drink and continue the conversation

(Note: The above outline is a condensed version of the provided text, focusing on key points and themes for brevity.)