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Mission oriented economies: putting human rights at the centre- with Mariana Mazzucato
This week, we speak to Mariana Mazzucato, Professor in the Economics of Innovation and Public Value, about creating ’mission-oriented economies’ that place human rights and the common good at their centre.
Rather than simply fixing market failures, Professor Mazzucato argues that governments must shape markets around bold societal missions – from achieving net zero to ensuring health for all. This requires fundamental changes: moving from being ‘lenders of last resort’ to ‘investors of first resort’, setting conditions on public funding to ensure risks and rewards are shared, and building state capacity for long-term public value creation.
She makes the case for mission-oriented development banks that don't just de-risk private investment, but actively direct patient capital towards transformational change. From redesigning procurement policies to embedding conditionalities in public-private partnerships, this approach demands a new social contract between business, government and communities - one that prioritises public value over shareholder value and ensures that collectiveintelligence leads to collectively shared rewards. Human rights are a key framework to guide these transformations.
Topics/Chapters(00:00) Introduction of Mariana Mazzucato and "Mission-oriented economies: putting human rights at the centre" (01:01) ‘Shaping’ instead of ‘Fixing’ the free market(03:09) The concept of ‘mission-oriented’ economies: reshaping the economy with purpose and agency(08:25) Putting HRs at the center of this ‘mission’(20:13) Integrating human rights into the financing for development: addressing the dysfunctional dynamics of the current international financial system and intentionally reshaping where the money goes(31:34) Integrating Human Rights principles into the financing for development: redistributive policies but also promotion of agency and dignity(39:48) Conclusion: Call to Action to the listeners
If you’d like to learn more about the Human Rights Economy, the work of OHCHR or UNSSC, check Economies that work-for all Podcast | Trello
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By United Nations System Staff CollegeThis week, we speak to Mariana Mazzucato, Professor in the Economics of Innovation and Public Value, about creating ’mission-oriented economies’ that place human rights and the common good at their centre.
Rather than simply fixing market failures, Professor Mazzucato argues that governments must shape markets around bold societal missions – from achieving net zero to ensuring health for all. This requires fundamental changes: moving from being ‘lenders of last resort’ to ‘investors of first resort’, setting conditions on public funding to ensure risks and rewards are shared, and building state capacity for long-term public value creation.
She makes the case for mission-oriented development banks that don't just de-risk private investment, but actively direct patient capital towards transformational change. From redesigning procurement policies to embedding conditionalities in public-private partnerships, this approach demands a new social contract between business, government and communities - one that prioritises public value over shareholder value and ensures that collectiveintelligence leads to collectively shared rewards. Human rights are a key framework to guide these transformations.
Topics/Chapters(00:00) Introduction of Mariana Mazzucato and "Mission-oriented economies: putting human rights at the centre" (01:01) ‘Shaping’ instead of ‘Fixing’ the free market(03:09) The concept of ‘mission-oriented’ economies: reshaping the economy with purpose and agency(08:25) Putting HRs at the center of this ‘mission’(20:13) Integrating human rights into the financing for development: addressing the dysfunctional dynamics of the current international financial system and intentionally reshaping where the money goes(31:34) Integrating Human Rights principles into the financing for development: redistributive policies but also promotion of agency and dignity(39:48) Conclusion: Call to Action to the listeners
If you’d like to learn more about the Human Rights Economy, the work of OHCHR or UNSSC, check Economies that work-for all Podcast | Trello