The role of the state in modern capitalism has gone beyond fixing market failures. Those regions and countries that have succeeded in achieving smart innovation-led growth have benefited from long-term visionary mission-oriented policies from putting a man on the moon to tackling societal challenges such as climate change and the wellbeing of an ageing population. This book collects the experience of different types of mission-oriented public institutions around the world, together with thought-provoking chapters from leading economists. As the global debate on deficits and debt levels...
The role of the state in modern capitalism has gone beyond fixing market failures. Those regions and countries that have succeeded in achieving smart ...