While infrastructure is of course important, it must be part of a bigger vision. The point is not to simply dig ditches but to steer those investments towards transformational growth.
Mariana MazzucatoMost venture capital funds are too short-termist and exit-driven to deal with the highly uncertain and lengthy innovation process.
Mariana MazzucatoFixing markets isn't enough. We have to actively shape and create them and tilt the playing field in the direction of the growth we want.
Mariana MazzucatoIn my view, the state should be active and work in cooperation with private businesses to spur growth that's sustainable and inclusive. The policy process is about co-creating and co-shaping of markets, creating new opportunities for business investment - and negotiating a better deal for the public too.
Mariana Mazzucato