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Mariana Mazzucato, Professor in the Economics of Innovation and Public Value at University College London (UCL) and Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP), delivered the Central Bank of Barbados’ 48th Sir Winston Scott Memorial Lecture on the topic, “Directing Inclusive Sustainable Economic Growth: A Mission-Oriented Approach.”
Professor Mazzucato is an advisor to policymakers across the globe, including the Government of Barbados. She recently authored a paper entitled “A Mission-Oriented Strategy for Inclusive and Sustainable Economic Growth in Barbados” that outlines six missions the island should adopt. These missions would address climate issues, social cohesion, food and water insecurity, mental and physical health challenges and the associated social instability, financial marginalisation and worker vulnerability, and unequal access to technology.
During the lecture, she explained the concept of a “mission-oriented approach” and gave an overview of several of the missions her paper proposes. Watch her full presentation and the discussion that followed below: