This year's Progressive Economy Annual Forum looked into the interaction between investment, innovation and growth, and the role played by the entrepreneurial state in promoting them. The Forum started with an introductory speech by Gianni Pittella, President of the S&D Group, and a keynote speech from Frans Timmermans, First Vice-President of the European Commission, who both looked at innovation from a European perspective.
There followed a high-level panel debate on investment and innovation for sustainable development, which addressed the topic from the European, national and regional points of view.
The Forum ended with a keynote speech from Professor Mariana Mazzucato, Member of the Progressive Economy Scientific Board and holder of the RM Phillips chair in the Economics of Innovation at the Science Policy Research Unit in the University of Sussex. Professor Mazzucato set out her idea of the The Entrepreneurial State, arguing that in the history of modern capitalism the State has not only fixed market failures, but has also actively shaped and created markets. Furthermore, we should not just try to recreate growth, but create the right kind of growth, which should be innovative, socially inclusive and sustainable. Her presentation can be found below.
Maria João Rodrigues, Vice-President of the S&D Group for Economic and Social Policies, also presented the S&D call for re-launching the Europe 2020 Strategy.
In addition, the winners of the 2016 Call for Papers presented their papers and received their awards from Scientific Board Member, Professor Peter Bofinger.