Feds’ innovation strategy inspired by economist who argues for bigger state role
OTTAWA — A U.K.-based economist known for advocating a prominent role for the state in fostering modern, high-tech growth is expected to leave her mark on Wednesday’s federal budget.
Mariana Mazzucato’s 2013 book, “The Entrepreneurial State: Debunking Public vs. Private Sector Myths,” is required reading in the office of Navdeep Bains, and offers a glimpse at some of the ideas behind Ottawa’s so-called innovation strategy.
On Wednesday, the Trudeau government’s second budget will provide additional details of its plan to foster an innovation economy across all industries as a means of recharging Canada’s long-term economic growth.
Bains, who as economic development minister has been overseeing Canada’s innovation agenda, has had discussions with Mazzucato. Her concepts have significantly influenced both him and his policy team, insiders say.