New Economic Thinking for a New Industrial Strategy
AI Nuggets
Based on the transcript provided, here are the detailed instructions, CLI commands, website URLs, and tips extracted from the discussion:
CLI Commands: There were no specific CLI (Command Line Interface) commands mentioned in the transcript.
Website URLs:
- http://youtube.com/watch?v=3PPeSs6lJ3M - The URL to the YouTube video being discussed.
- No other specific URLs were provided in the transcript.
Tips and Instructions:
- Engaging Governments: To engage governments in new economic thinking and policy-making, it’s important to work with open-minded officials and departments. Policy experimentation and participatory development can be effective approaches.
- Value Creation by Government: Governments can create value by investing in capacity and capabilities, fostering a culture of innovation, and supporting startups through outcomes-oriented procurement and other demand-pull policies.
- Justice in Economic Policy: Justice is a contextual concept that requires participatory spaces where stakeholders can collectively discuss and define what justice means in specific contexts.
- Industrial Policy and Power Dynamics: Addressing power imbalances in industrial policy is crucial. This includes considering the role of indigenous knowledge and products, as well as the importance of regional and continental development.
- Critical Minerals and Production: There is a need for a new dynamic that includes creating production bases in Africa for refining critical minerals, rather than exporting them and buying finished products from other regions.
- Cultural Shift in Economics: A cultural shift is needed in economics to move away from bureaucratic compliance towards a culture of learning, innovation, and engagement with diverse perspectives and voices.
- Rethinking Value Chains: To prevent a new scramble for Africa, it’s important to rethink value chains to ensure that countries in the Global South are not just sources of raw materials but also participate in value addition and diversification.
Please note that the above points are based on the conversation and perspectives shared by the panelists. They do not represent CLI commands or specific URLs but rather insights and recommendations on engaging with economic policy and government.