Shift industrial strategy from targeting individual sectors to missions that drive sustainable and inclusive economic growth.
Adopt a whole-of-government approach to coordinate mission delivery across ministries and measure impact.
Redesign public tools and institutions to align long-term finance and public procurement with mission goals.
Build reciprocal public-private partnerships that share risks and rewards while prioritising public value.
Engage civil society and labour unions in mission design and implementation to support inclusive, locally relevant solutions.
Strengthen internal public sector capabilities to manage risks, embrace uncertainty, and deliver missions effectively.
Take a global perspective to ensure industrial strategies reduce inequalities and create positive international spillovers.
This is one of the eight areas of the Council’s inquiry.
Prepared by the Global Council on New Economics for the 21st Century.
