Mission-Oriented Finance for Innovation : New Ideas for Investment-Led Growth

This text captures what is missing from the current limited, deficit-cutting discourse of the campaigns: asking politicians instead to think boldly about the kind of investment needed to deliver future growth. 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 continues to roar, the book offers a challenge to the conventional narrative-asking what kinds of visionary fiscal policies we need to help promote "smart" innovation-led, inclusive, and sustainable growth He 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 continues to roar, the book offers a challenge to the conventional narrative  � asking what kinds of visionary fiscal policies we need to help promote smart innovation-led, inclusive, and sustainable growth.-- Provided by Publisher This Book Captures What Is Missing From The Current Limited, Deficit-cutting Discourse Of The Campaigns: Asking Politicians Instead To Think Boldly About The Kind Of Investment Needed To Deliver Future Growth.