As the complexities of modern economies grow, traditional approaches to industrial policy face increasing scrutiny. For decades, debates have raged about how governments can intervene to foster innovation, address market failures, and create sustainable development paths. Today, industrial policy has undergone a transformation, and now embraces elements of market liberalism.
In this episode of Innovation Matters, Professor Michael Munger from Duke University explores these issues, suggesting that industrial policy often oscillates between two extremes: setting the foundational rules of the game for markets to thrive and directly managing industry outcomes through subsidies, regulations, or nationalization. He highlights the inherent tensions in these approaches, including the risks of rent-seeking, misaligned incentives, and the difficulty of predicting which innovations will succeed.
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As the complexities of modern economies grow, traditional approaches to industrial policy face increasing scrutiny. For decades, debates have raged about how governments can intervene to foster innovation, address market failures, and create sustainable development paths. Today, industrial policy has undergone a transformation, and now embraces elements of market liberalism.
In this episode of Innovation Matters, Professor Michael Munger from Duke University explores these issues, suggesting that industrial policy often oscillates between two extremes: setting the foundational rules of the game for markets to thrive and directly managing industry outcomes through subsidies, regulations, or nationalization. He highlights the inherent tensions in these approaches, including the risks of rent-seeking, misaligned incentives, and the difficulty of predicting which innovations will succeed.
Forests For Fashion hosted by Samata Pattinson - the UN Forest Podcast
UNECE
34 minutes 57 seconds
1 year ago
Forests For Fashion hosted by Samata Pattinson - the UN Forest Podcast
Sustainability is a pressing concern in the fashion and textile industry.
In this episode of “The UN Forest Podcast”, host Samata Pattinson is joined by Åsa Degerman, Ben Selby and Carlo Covini to discuss the transformative role of forests and new technologies in making fashion more sustainable and circular.
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About the UN Forest Podcast
The UN Forest Podcast is a series produced by the Joint UNECE/FAO Forestry and Timber Section to showcase that the potential of forests goes beyond trees. Each episode features special guests and speakers who bring insights on forests as our strongest allies in fighting climate change and creating a sustainable future now and for generations to come.
The views expressed in this episode are those of the individuals involved and should not be interpreted as endorsements by the United Nations, its affiliated organizations, its officials or Member States.
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Credits:
Samata Pattinson, CEO of BLACK PEARL
Åsa Degerman, Project Manager at OnceMore®
Ben Selby, CFO and Deputy CEO of Spinnova
Carlo Covini, Project Manager Marketing Textiles at Lenzing
Nicola Sangs, Editor and Producer
Paola Deda, Director, Forests, Land and Housing Division of UNECE
Audio credits:
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UNECE
As the complexities of modern economies grow, traditional approaches to industrial policy face increasing scrutiny. For decades, debates have raged about how governments can intervene to foster innovation, address market failures, and create sustainable development paths. Today, industrial policy has undergone a transformation, and now embraces elements of market liberalism.
In this episode of Innovation Matters, Professor Michael Munger from Duke University explores these issues, suggesting that industrial policy often oscillates between two extremes: setting the foundational rules of the game for markets to thrive and directly managing industry outcomes through subsidies, regulations, or nationalization. He highlights the inherent tensions in these approaches, including the risks of rent-seeking, misaligned incentives, and the difficulty of predicting which innovations will succeed.
