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Rethinking industrial policy: COVID-19 and opportunities for transformation

Hosted by the Department of Geography and Environment, the Institute of Global Affairs and the School of Publi



Professor Philippe Aghion

Professor Philippe Aghion

Professor at the Collège de France and at LSE

Professor Riccardo Crescenzi

Professor Riccardo Crescenzi

Professor of Economic Geography at LSE

Dr Joaquim Oliveira Martins

Dr Joaquim Oliveira Martins

Deputy Director, OECD Centre for Entrepreneurship, SMEs, Regions and Cities

Dr Daria Taglioni

Dr Daria Taglioni

Lead economist in the Chief economist office, Manager of the WDR 2020, World Bank


Professor Robert Wade

Professor Robert Wade

Professor of Political Economy and Development in the Department of International Development at LSE

As governments around the world deal with the catastrophic economic impacts of COVID-19, industrial policy has taken centre stage. Previously considered a tool ‘that-shall-not-be-named’, in recent years there has been a fundamental shift in scholarly and policy thinking in this space, provoked in part by the failure of austerity measures to tackle the long-lasting negative effects of the Great Recession of 2008. This panel will explore key questions that must be answered - from the dynamics of globalisation vs reshoring, to uneven development, and the need for effective operational tools if we are to design and implement the right industrial policy to navigate this crisis and promote inclusive and sustainable outcomes, both now and in the future.

Philippe Aghion is Professor at the Collège de France and at LSE, and a fellow of the Econometric Society and of the American Academy of Arts and Sciences. His research focuses on the economics of growth. With Peter Howitt, he pioneered the so-called Schumpeterian Growth paradigm which was subsequently used to analyze the design of growth policies and the role of the state in the growth process. Much of this work is summarized in their joint books Endogenous Growth Theory (MIT Press, 1998) and The Economics of Growth (MIT Press, 2009), in his book with Rachel Griffith on Competition and Growth (MIT Press, 2006), and in his survey “What Do We Learn from Schumpeterian Growth Theory” (joint with U. Akcigit and P. Howitt).

Riccardo Crescenzi (@crescenzi_r) is (Full) Professor of Economic Geography at the London School of Economics. He is also an Associate at the Centre for International Development (CID) at the Harvard Kennedy School of Government, Harvard University and is affiliated with the Centre for Economic Performance (CEP) and the Spatial Economics Research Centre (SERC) at the LSE. He has been  a Visiting Scholar at the Harvard Kennedy School of Government, Taubman Centre, Harvard University. Until September 2014 he was Programme Director of the MSc in Local Economic Development.

Ricardo Hausmann (@ricardo_hausman) is Director of the Growth Lab at Harvard's Center for International Development and the Rafik Hariri Professor of the Practice of International Political Economy at Harvard Kennedy School. Previously, he served as the Director of the Center for International Development (2005-2019). He also teaches a capstone course on the MPAID program. Previously, he served as the first Chief Economist of the Inter-American Development Bank (1994-2000), where he created the Research Department. He has served as Minister of Planning of Venezuela (1992-1993) and as a member of the Board of the Central Bank of Venezuela. He also served as Chair of the IMF-World Bank Development Committee. He was Professor of Economics at the Instituto de Estudios Superiores de Administracion (IESA) (1985-1991) in Caracas, where he founded the Center for Public Policy. His research interests include issues of growth, macroeconomic stability, international finance, and the social dimensions of development. He holds a PhD in economics from Cornell University.

Joaquim Oliveira Martins (@JoaquimOM) is Deputy Director at the OECD Centre for Entrepreneurship, SMEs, Regions and Cities. As Deputy Director, Dr Oliveira Martins works closely with the Director to advance the OECD’s work on SME and entrepreneurship policy; regional, urban, rural and local development; subnational statistics; multi-level governance and decentralisation; and tourism. He also oversees the work of the OECD Trento Centre for Local Development. Dr Oliveira Martins has held several senior positions at the OECD since 1991. He most recently served as Special Advisor to the Director of CFE since May 2017 where he contributed to the reorganisation of the enlarged CFE and launched the Trento Spatial Productivity Lab. He previously served for eight years as Head of the Regional Development Policy Division in the Public Governance and Territorial Development Directorate. From 2007 to 2009, he was Head of the Structural Economic Statistics Division in the Statistics Directorate, where he focused on trade  globalisation studies, productivity measurement and business statistics. While in the Economics Department from 1991-2007, he coordinated and authored reports on policy responses to the threat of global warming, competition, regulation and performance, ageing and growth, investment in tertiary education, and public health expenditure projections. He was also Head of Desk for Transition countries, leading the first OECD Economic Surveys of the Slovak Republic, Romania, Slovenia and Baltic countries, and the South America Desk, where he coordinated the first OECD Economic Surveys of Brazil and Chile.

Daria Taglioni is the Task Team Leader for the World Development Report 2020. She has been with the World Bank Group since 2011, covering issues of international trade and countries’ trade competitiveness. Her career started with the Organization for Economic Cooperation and Development in Paris and she also worked at the European Central Bank for several years. She has published extensively in peer-reviewed journals and her work has been cited in the New York Times and Forbes. She authored various books on international trade, including “Making Global Value Chains Work for Development” (with Deborah Winkler), “Inclusive Global Value Chains” (with Ana Paula Cusolito and Raed Safadi), “Vietnam at a Crossroads: Engaging in the Next Generation of Global Value Chains” (with Claire Hollweg and Tanya Smith), and “Valuing Services in Trade” (with Sebastian Saez, Erik van der Marel, Claire Hollweg, and Veronika Zavaka).

Robert Wade is Professor of Political Economy and Development in the Department of International Development at LSE.

Richa Udayana is the Student Leader for this thematic session. She is Masters in Public Administration (MPA) candidate at LSE. 

The Department of Geography and Environment (@LSEGeography) is a centre of international academic excellence in economic, urban and development geography, environmental social science and climate change. The Department is highly regarded both nationally and internationally with major specialities within the economic, development, urban, regional planning and environmental social science aspects of geography, all with a strong emphasis on application and policy issues.

The Institute of Global Affairs (@LSEIGA) aims to maximise the impact of LSE's leading expertise across the social sciences by shaping inclusive and locally-rooted responses to the most important and pressing global challenges.

The School of Public Policy (@LSEPublicPolicy) is an international community where ideas and practice meet. Our approach creates professionals with the ability to analyse, understand and resolve the challenges of contemporary governance.

This event is part of the Maryam Forum Launch: "From Rulership to Leadership: Early Lessons from the COVID-19 Pandemic".

View the full programme of the Maryam Forum Launch here.

The Maryam Forum is a new multi-year platform aiming to encourage the shift towards evidence-informed, transparent, accountable and inclusive leadership. Introduced on the global stage in Davos during the World Economic Forum (WEF) in January 2020, Maryam Forum is a collaboration between policy makers, academics, business leaders and media that engages the LSE across departments and disciplines. Together with our students – the leaders of tomorrow – we will convene Maryam Co-Labs, leading up to our first annual Global Conference in December. From climate change, health crises and other global emergencies, to industrial policy, populism and migration, these year-round working groups will tackle the most urgent challenges of our time - providing opportunities to exchange expertise and shape solutions, and unlocking the potential for inclusive and sustainable leadership across all regions of the world.

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